Asked by
Tsz Wai Cheung
on Nov 03, 2024
Verified
Broadbands are salary grades collapsed into fewer and wider salary bands.
Broadbands
A compensation structure that consolidates many narrow pay grades into fewer, wider bands, allowing more flexibility in job roles and pay adjustments.
Salary Grades
A method of organizing employees into levels or bands based on their salary ranges, qualifications, or responsibilities.
- Recognize the determinants that affect wage scales and compensation frameworks, encompassing economic circumstances and financial success.
Verified Answer
SR
Learning Objectives
- Recognize the determinants that affect wage scales and compensation frameworks, encompassing economic circumstances and financial success.