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Performance Management Systems and Strategies by Dipak Kumar Bhattacharyya

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COMPENSATION BROADBANDING USING PMS RESULTS

Systems of broadbanding in compensation design; helps to replace the multiple pay grades and ranges, and operationally make the compensation administration process much simpler. In organizations with multiple pay grades, employees reach the compensation progression through time scale (seniority based) or performance-based promotion or upgradation. The system requires close administration of compensation programme, raising the human resource overhead costs. With broadbanding, however, pay grades and job titles being less, the process becomes easier, as pay bands can be directly linked with the performance of individual employees. Broad banding is not just easy to administer, it also optimizes the cost ...

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