the reworking of the pay hierarchy into fewer, wider pay scales. Pioneered by GEC in the United States, broadbanding provides a more flexible reward structure that is more in tune with the flat organization. The introduction of broadbanding can provide a method for pay increases and career development, even without a formal career ladder, and consequently can help improve motivation.
Broadbanding is a compensation-management technique for assigning employees within large salary ranges based on their shared job characteristics. Under this method, companies group together all job positions with similar timeframes, knowledge and job impoBroadbanding is a compensation-management technique for assigning employees within large salary ranges based on their shared job...
Dr E.L. Kersten of Despair, Inc. introduces a compensation plan based on 'broadbanding.' Employees are grouped into 'bands' with different pay philosophies. Host: Dr. E.L. Kersten, Co-Founder, COO, Despair Inc. Length: 00:05:35 by BNET staff
Over a period of time there has been a change in the compensation strategies of companies. Previously, most compensation programs resembled the others. In fact there was great pressure, to be sure that companies were strategically in the market. As per the new strategy there are two classifications i.e. Skill...
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