Which of the following is an example of a company that uses broad banding?
A)A company in which there is more lateral movement with no pay adjustment than promotions
B)A company that has pay guidelines and controls designed right into the pay system
C)A company that has unlimited total salary budget
D)A company that pays all its employees the same salary

Question

Quizplus · Accepted Answer

Broad banding is a compensation strategy that involves having fewer pay grades with wider ranges, allowing for more lateral movement within the organization without necessarily adjusting pay.

Which of the Following Is an Example of a Company