__________involves combining multiple pay levels into one pay level.
A)Delayering
B)Equity theory
C)Broadbanding
D)Wage compression
E)Pay structure

Question

Quizplus · Accepted Answer

Broadbanding involves combining multiple pay levels into one pay level, with the aim of simplifying the pay structure and increasing flexibility in pay decisions. It typically results in fewer pay ranges but wider salary ranges, reducing the emphasis on job titles and increasing the focus on skills and competencies. This approach also allows organizations to respond more quickly to changing market demands and to reward high performers more effectively.

__________Involves Combining Multiple Pay Levels into One Pay Level