The decreased emphasis on job levels should encourage employees to make cross-functional moves to jobs that are on the same or an even lower level because their pay rate would remain unchanged. Broad banding allows for more flexibility within ranges, allows more movement of employees within the ranges, and can reduce the need for promotions. The use of broad-banding has declined in recent years because each band consists of a broad range of jobs and the market value of these jobs may vary considerably. Unless carefully monitored, employees in jobs at the lower end of the band could progress to the top of the range and become overpaid.The challenging question here isWhat does effect the relationship between “Job Worth” and “Average Hourly Pay” based on the Pay Grades and Range?Design the answer max. 1 paragraph (5 lines includes) MS WORD format. Broad-banding and Its Relationship toTraditional Pay Grades and RangesGrade 6Grade 5Grade 4Grade 3Band IIGrade 2Grade 1Band IIBand ILowHighJob WorthPearsonCopyright © 2019, 2016, 2014 Pearson Education, Inc. All Rights ReservedThe decreased emphasis on job levels should encourage employees to make cross-functional moves to jobs that are on the same or an even lower level because their payrate would remain unchanged. Broad banding allows for more flexibility within ranges,allows more movement of employees within the ranges, and can reduce the need forpromotions. The use of broad-banding has declined in recent years because each bandconsists of a broad range of jobs and the market value of these jobs may varyconsiderably. Unless carefully monitored, employees in jobs at the lower end of the bandcould progress to the top of the range and become overpaid.The challenging question here isWhat does effect the relationship between "Job Worth" and "Average HourlyPay" based on the Pay Grades and Range?Design the answer max. 1 paragraph (5 lines includes) MS WORD format.Average Hourly Pay

Introduction: The term Business refers to an exchange of goods and services between the buyer and…

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Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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The decreased emphasis on job levels should encourage employees to make cross-functional moves to jobs that are on the same or an even lower level because their pay rate would remain unchanged. Broad banding allows for more flexibility within ranges, allows more movement of employees within the ranges, and can reduce the need for promotions. The use of broad-banding has declined in recent years because each band consists of a broad range of jobs and the market value of these jobs may vary considerably. Unless carefully monitored, employees in jobs at the lower end of the band could progress to the top of the range and become overpaid.

The challenging question here is

What does effect the relationship between “Job Worth” and “Average Hourly Pay” based on the Pay Grades and Range?

Design the answer max. 1 paragraph (5 lines includes) MS WORD format.

Broad-banding and Its Relationship to
Traditional Pay Grades and Ranges
Grade 6
Grade 5
Grade 4
Grade 3
Band II
Grade 2
Grade 1
Band II
Band I
Low
High
Job Worth
Pearson
Copyright © 2019, 2016, 2014 Pearson Education, Inc. All Rights Reserved
The decreased emphasis on job levels should encourage employees to make cross-
functional moves to jobs that are on the same or an even lower level because their pay
rate would remain unchanged. Broad banding allows for more flexibility within ranges,
allows more movement of employees within the ranges, and can reduce the need for
promotions. The use of broad-banding has declined in recent years because each band
consists of a broad range of jobs and the market value of these jobs may vary
considerably. Unless carefully monitored, employees in jobs at the lower end of the band
could progress to the top of the range and become overpaid.
The challenging question here is
What does effect the relationship between "Job Worth" and "Average Hourly
Pay" based on the Pay Grades and Range?
Design the answer max. 1 paragraph (5 lines includes) MS WORD format.
Average Hourly Pay

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