____ is the practice of using fewer pay grades with much wider ranges than in traditional compensation systems.
A) Pay system compression
B) Flexible grades
C) Broadbanding
D) Grade shrinkage

Question

Quizplus · Accepted Answer

Broadbanding is the compensation practice of having fewer pay grades with wider salary ranges compared to traditional compensation systems, allowing for more flexibility in rewarding employee performance and skills. This approach eliminates excessive levels and overlapping salary grades, leading to cost savings and increased efficiency in the compensation system. It also allows for easier career advancement for employees, leading to higher motivation and retention rates.

____ Is the Practice of Using Fewer Pay Grades with Much