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.

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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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.

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