Often a salary structure has rangesminimum, midpoint, and maximum. Frequently, a market position is drawn from the
Question:
Often a salary structure has ranges—minimum, midpoint, and maximum. Frequently, a market position is drawn from the range midpoint. Another option becoming popular is broad banding. Each method has advantages and disadvantages. Look at the salary structure and occupational families presented in the U.S. Office of Personnel Management Salary Table 2011-GS. Notice how broad the bands are for individual jobs.
Complete the following: Analyze the advantages and disadvantages of broad banding as a compensation plan. Conclude the essay by explaining your position on whether broad banding can be successfully competitive in the current or previous work environment, and provide supporting reasons for position. How broad banding help with being successfully competitive might compared to alternative salary structure ranges that might be used?
Introductory Financial Accounting for Business
ISBN: 978-1260299441
1st edition
Authors: Thomas Edmonds, Christopher Edmonds