A term to describe jobs or employees who work in an executive,
administrative or managerial capacity, and who are not subject
to the provisions of the of the Fair Labor Standards Act with
respect to minimum wage and overtime.
Group of jobs which have related functional responsibilities
and are ranked in a hierarchy, from the least to most complex
with regards to skills, knowledge and responsibilities (see Job Family Descriptions on left of Salary Administration page).
Also known as the "market rate," which is the average rate
that is paid for similar positions in the market place. It
also represents the salary level for individuals who have
extensive experience and proficiency in the job.
One of the levels into which jobs with the same or similar
value are grouped for pay purposes. All jobs in a salary grade
have the same salary range: Minimum, Midpoint, and Maximum (see Salary Administration).