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Broadbanding

   Also found in: Medical 0.01 sec.
Broadbanding
In human resources, the practice of a company to have only a few pay grades but a great deal of latitude within each grade. For example, a company may have only three pay grades: one ranging from $35,000 to $55,000, one from $60,000 to $80,000, and one from $85,000 to $105,000. Broadbanding gives a company the leeway to reward good performance with increased salary without necessitating promotion to a higher position. This helps keep the company from becoming top heavy.


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This edition has been revised with new and expanded topics such as an assessment of the significance of public service and the role of government in American life, issues such as strategic planning, sustainability, broadbanding, benchmarking, mentoring, and e-government, the similarities and differences between public and private ethics, challenges to corruption, cybersecurity and cyberwarfare, and the war on terror.
It also touches on such topics as Global Broadbanding, Compensation Issues Facing Companies in the Global Marketplace, and Developing a Global Benefits Strategy.
Reform trends involve the decentralization of classification plans through broadbanding, which consists of salary grades consolidated into fewer and broader pay ranges.
 
 
 
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