Refer to this article if your version is above 7.4.1

Pay grade is the position at which an employee stands on a scale of remunerations. This could be differentiated based on Seniority, Responsibility, Position, Role, Etc., With the OrangeHRM tool, you can add paygrades to match your organizational requirements with ease.

Admin users can add the Pay grades as follows in the Admin module.

 Go to Admin -> Job -> Pay Grades 

Step 1 – Click the ‘Add’ button. The Add Pay Grade screen appears as follows.

Step 2 – Enter a Name for the Pay Grade and click ‘ Save’. The new Pay Grade will be added to the list.

Step 3 – Click the ‘Edit’  Button relevant to the new pay grade you created. The Edit Pay Grade Screen would display as follows. 

Step 4 – Click ‘Assign Currency’. The Add Currency Screen will appear.

Step 5 – Complete the following fields on the screen.

Step 6 – Click ‘Save’.

Note - It is possible to add multiple currencies if the salaries are paid in different currencies for different countries. Repeat steps 4-6.