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  2. The federal wage system — sometimes called the wage grade or prevailing rate system — is a pay-setting system covering federal employees paid by the hour. The aim is to make sure that federal trade, craft, and laboring employees in a local wage area who do the same kind of work get the same rate of pay.
    www.fedweek.com/ask/federal-pay/wage-system/
    Pay grades are the exact monetary compensation a person earns at a job that uses a pay grade system. This type of payment system is structured and preset, and it does not involve salary negotiation. Pay grade systems have multiple steps or levels, each of which has transparent requirements.
    www.indeed.com/career-advice/pay-salary/what-is …
     
  3. People also ask
    What does wage & salary do?Wage and Salary conducts annual wage surveys to collect wage data from the private sector to establish Federal Wage System (FWS) schedules, Special Pay schedules, and Payband schedules.
    wageandsalary.dcpas.osd.mil
    Where can I find a federal wage schedule?You can visit the FWS wage schedules website or contact DOD directly at 571-372-1614. The Office of Personnel Management provides policy leadership and expertise on a variety of Governmentwide pay programs for Federal employees, including the General Schedule (GS), Law Enforcement Officer (LEO) Pay Schedules, and the Federal Wage System (FWS).
    What is a wage schedule?The aim is to make sure that federal trade, craft, and laboring employees in a local wage area who do the same kind of work get the same rate of pay. The common wage schedules consist of 15 grades, covering most nonsupervisory employees. Schedules for supervisors and leaders are based on the nonsupervisory schedules, but are separate from them.
    What is the highest pay grade in the General Schedule?GS-15 is the highest pay grade in the General Schedule. It is generally for top-level positions, including supervisors, high-level technical specialists, and professionals with advanced degrees. After reaching GS-15, the pay can only increase through the following ways: The GS pay system has a cap at level IV of the SES.
     
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