In Masters > Positions you can define the positions in the organization. Each resource is assigned a position. The positions can be used to manage position rates and to match resource requests to resources.
Assigned positions are also used to view information per position in the application Utilization.
You can save several types of rates per position. The rates are managed by startdate. These rate are important when you're starting invoicing or want to report costs and revenues.
There must be at least one position available for creating resources.