Pay Banding: Why it Needs to Focus on the Position and Not the Person
Pay banding drives pay equity, both are important for transparency, serving to keep employees feel valued and engaged without any untoward biases.
Erika Lance
Pay banding is a compensation management approach that provides a salary range based on a position and its requirements as well as considerations of market rates. It’s a way of ensuring that pay rates are equitable both within a given position and between positions based on the value assigned to each role.
How Pay Banding Works
Pay bands establish clearly defined upper and lower...
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