Consolidating a large number of pay grades into a fewer number of (larger)categories is called:
A)broadbanding
B)wide banding
C)flatstructuring
D)de-grading
E)wage rationalization

Question

Quizplus · Accepted Answer

Broadbanding involves grouping several pay grades into broader bands or categories. This helps to simplify the structure and reduce administrative costs, while also allowing for more flexibility in salary ranges and job classifications. Wide banding and flat structuring are similar concepts, but they are not commonly used industry terms. De-grading refers to reducing the level of responsibility or seniority of a job, while wage rationalization involves aligning pay across different job types or locations.

Consolidating a Large Number of Pay Grades into a Fewer