Describe broadbanding. What are its advantages?
What will be an ideal response?
Broadbanding is a base-pay technique that reduces many different salary categories to several broad salary bands. Broadbanding results in the clustering jobs into wide categories or groups of jobs.
Major advantages of broadbanding are that managers have more autonomy in setting pay rates, and it becomes easier to move employees around in the organization because broadbanding eliminates unnecessary distinctions among jobs. In addition, broadbanding can help improve communication teamwork by eliminating many of the frequent barriers to communication and development, namely, level, title, and status. Broadbanding works especially well in organizations that are fast moving and undergoing persistent change.
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What is the best advice for writing goodwill messages?
A) Focus the message solely on the sender. B) Make a good impression by giving a ready-made card instead of writing your own message. C) Send a goodwill message promptly. D) Send a goodwill message to show appreciation for only a gift or monetary award.
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Indicate whether the statement is true or false.
Ratio interaction refers to
A) using multiple ratios to make a decision. B) the way ratios are affected by managerial decisions. C) how ratios affect managerial decisions. D) the effect one ratio has on another. E) when a ratio raises a red flag for analysts.