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What are these Rates in Progression Ladder ?

Summary:

Hi Experts, I would like to understand the "Rates" section when creating progression grade ladder. Please find my screenshots below.

My questions are:

  1. Why do we have to create "rates" when creating the progression grade ladder? "+ Add" only allows us to create a new one. Can we use an existing one?
  2. In salary basis → salary range → Grade rates, I can find the "rate" that I created in progression grade ladder page, but I cannot find the "rate" in the grade rates task
  3. What is the expected behavior and intention of the "rate" in progression grade ladder creation page?

Thank you for your response!

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