In an organisation that has defined job bands, they are used to distinguish the level of compensation given to certain ranges of jobs. It also helps set expectations for the employee where the higher they are, the larger the scope of work becomes. Job Bands are usually made up of two parts, the Job Group and the Job Grade.
It would be useful to set up job bands for the employees, which may be used as a criteria to determine eligibility or entitlement for policies later on. All companies are set up with the Default Job Group and Default Job Grade, you may edit it to match your organisation set up.
Head to Company > Profile > Job Bands > click "Add New Job Band" to configure company job bands.