Broadbanding: Compensation of a "Different Color"

Paper Summary:

This paper examines the advantages and disadvantages of "broadbanding" and how this effects employees benefits packages. Broadbanding is a policy to have fewer hierarchical layers in a company and employees expand sideways and not upwards.

From the Paper:

"Enter "broadbanding," the practice of structuring job classifications to have fewer "layers" than a traditional compensation system. For example, a company that starts out with eight layers compresses those layers to four broader ones, creating a new set of job classifications that grou p
similar skill sets and skilled personnel together. Overnight (or so it can seem), a company's entire compensation picture shifts, its grades change, and the "lay of the land" is a whole new territory. This new territory is both an individual challenge and a corporate one. Although the effect of a broadband can be, and sometimes is, a change in the salary range of a particular job, in reality its practical ramifications extend beyond individual job descriptions into a much wider picture. Examining that "bigger picture" in more detail reveals that broadbanding is a phenomenon with its own set of advantages and disadvantages."

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