The practice of using fewer pay grades with much broader ranges than in traditional compensation systems is called broadbanding.

Name: The practice of using fewer pay grades with much broader ranges than in traditional compensation systems is called broadbanding.
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Broadbanding is the practice of using fewer pay grades with much broader salary ranges than in traditional compensation systems. This allows for more flexibility in determining pay and career progression within an organization.

The Practice of Using Fewer Pay Grades with Much Broader