In one pay-setting practice, fewer pay grades are used than in traditional compensation systems, and the grades have much wider ranges. Which of the following is the name of the practice?
A)variable scheduling
B)pay scaling
C)grade reduction
D)broadbanding

Question

Quizplus · Accepted Answer

Broadbanding is a pay-setting practice in which fewer pay grades are used than in traditional compensation systems, and the grades have much wider ranges. This practice allows for more flexibility in setting salaries and can be used to reward high performers or those with specialized skills.

In One Pay-Setting Practice, Fewer Pay Grades Are Used Than