Band and salary structure

Band and salary structure
Band and salary structure diagram. This is one of the top business frameworks helping clients improve on their approach to strategy, project management, IT, HR, internal processes and client experience.

See below image for the Band and salary structure diagram. Salary Bands. Salary Bands (or Pay Ranges) are how you define the target pay for employees within Job Grades. For each Level, a company should decide the low-end and high-end of the pay that Level will command.

However, what makes the broadband salary structure different is that it consolidates many pay grades into a few broader bands of pay, meaning there are fewer pay grades and each one has a wider salary range. Using a broadband salary structure, one role at the company may have a salary range of $45,000 to $80,000, with the following pay grades:

Using a traditional salary structure, one job at the organization can have a salary range of $35,000 to $60,000, with the following pay grades: Companies that use the traditional salary structure may appreciate that it gives employees the opportunity to get promoted from one pay grade to the next.