Competency-based pay system that compresses many traditional salary grades (usually 10 to 20) into a few wide salary bands (3 to 4) is known as _________.

comparable worth

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wage curve

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salary survey

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broad banding

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Solution

The correct option is D broad banding
Board branding is a method for evaluation and construction of job grading structure or typical salary bank of an organisation that falls between by spot salaries against numerous grades or bands . Hence competency based system that compresses many traditional salary grades into few wide salary bands.

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A

4

B

3, 750

10

R s . 1, 54, 000

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