It seems like having "levels" is another way to be able to negotiate.
A couple companies ago, I worked at a place where you employee "level" was public knowledge and tied to your job description, and determined your base salary level. (A, B, C, D, ...). Everyone got yearly raises roughly equivalent to inflation, etc. Yearly bonuses were based on the letter too.
But everyone had a (more secret) number after their letter, so you might be K5, which provided a lot of leeway for negotiating higher salaries, etc. So you'd know if you were in the same general band as another employee, but one of you might be making 25% more than the other.
Comments
It seems like having "levels" is another way to be able to negotiate.
A couple companies ago, I worked at a place where you employee "level" was public knowledge and tied to your job description, and determined your base salary level. (A, B, C, D, ...). Everyone got yearly raises roughly equivalent to inflation, etc. Yearly bonuses were based on the letter too.
But everyone had a (more secret) number after their letter, so you might be K5, which provided a lot of leeway for negotiating higher salaries, etc. So you'd know if you were in the same general band as another employee, but one of you might be making 25% more than the other.