What does broadbanding mean?

broadbanding meaning in Law Dictionary

work grading construction that drops between utilizing area wages vs. numerous work grades to find out what things to spend certain opportunities and incumbents within those positions. While broadbanding gives the business utilizing it some wide work classifications, it generally does not have as numerous distinct job grades as old-fashioned wage frameworks do.

broadbanding meaning in Business Dictionary

Rehearse where number of grades in a pay-scale construction is paid down, and differential between one class while the after that is increased. Broadbanding is said to reduce intra-firm rivalry in staff members and also to boost inter-firm (or cross-departmental) versatility.