A major financial institution is moving from nine levels in the organization to six.Another term for this is

Question

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Broadbanding is the term used for reducing the number of hierarchical levels in an organization. It is done to increase flexibility, reduce bureaucracy, and empower employees with more decision-making authority. In this case, the financial institution is moving from nine levels to six, which is an example of broadbanding. Job specialization, departmentalization, job classification, and position grading are not relevant terms in this context.

A Major Financial Institution Is Moving from Nine Levels in the Organization