Business > CASE STUDY > BUS FPX4043 Assessment3 Salar.docx BUS-FP4043 Reviewing a Salary Structure Compensa (All)

BUS FPX4043 Assessment3 Salar.docx BUS-FP4043 Reviewing a Salary Structure Compensa

Document Content and Description Below

BUS FPX4043 Assessment3 Salar.docx BUS-FP4043 Reviewing a Salary Structure Compensation and Benefits Management Introduction Broad banding provides an organization a way to assess salary ran... ges between job grades and salaries associated with a specific position. This process enables the organization to assign the pay for a position and the individual is who performing it. Contrary to a more traditional salary structure, there are very few unique job grades. The type of organization that is being implemented dictates how broad banding will be used. In organizations that are more reluctant to take risks broad banding may not be in their best interest to use; however, a more traditional approach would be a better fit. When organizations show some flexibility, broad banding may be an approach for them to assess. While organizations can differ on broad banding, so can countries. Within certain countries titles are of highest importance, so promotions are key for employees. If they were to use broad banding in this type of structured country, it would limit this path which would cause problems for employees. As a result, employees may find the broad band approach as a misleading way for them to climb the corporate ladder. Advantages and Disadvantages Advantages Broad banding provides organizations the ability to reward performance of employees™ more efficiently. Since there are variances in pay ranges, organizations that use broad banding are enabled to reward employees™ that are superseding expectations o. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . .. .. . . . . . . . . . . . . . . . . . .. . . . . [Show More]

Last updated: 2 years ago

Preview 1 out of 4 pages

Buy Now

Instant download

We Accept: