Sunday 22 December 2013

Broadbanding

Broadbanding is a process in which  a pay structure that consolidates a large number of narrower pay grades into fewer broad bands with wider salary range. Broadbanding evolves as organizations began to flatten their hierarchies. Broadbanding helps move decision-making closer to the point where competence and knowledge exists in organizations. In flattened organizations, the broadbanding structure allows more manoeuvrability for pay increases and career growth without actual promotion.

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