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Words: 1,500 | Submitted: Wed Apr 09 2008
... work and be successful and worthwhile. The structures should make it attainable to achieve equity, operational flexibility and continuous development, steadiness and fairness in managing employee reward. The main types of pay structures are narrow-graded, Broad banded, job family, individual job grade, pay curve, spot rate and pay spine. Broad banding is the compression of a hierarchy of pay grades or salary ranges into a small number (typically four or five) of width bands. This was first introduced in organizations in the late 1980's and early 1990's (World at work, 2002). The aim of breaking down the job clusters or levels of positions into a fewer number of width bands are to; * Provide pay structures which fit flatter organisation structures, * Allow processes initially created to withstand hierarchy and vertical movement to be replaced, * Work upon other methods of payment that reflect a broader range of employee development and ...
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