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The executive team at Fresh Munchables is working to increase collaboration and flexibility in regard to compensation. They are also trying to motivate lateral changes within the business operations unit without facing compensation-related barriers.
Problem 1: How can the compensation specialist achieve this outcome?
Option 1: Incorporate a rigid structure because it provides an incentive for employees to reach strategic company goals that are tied to compensation.
Option 2: Incorporate broadbanding because it allows employees to manage career changes within the organization without a reduction in compensation.
Option 3: Incorporate a hierarchical structure because it increases employee motivation to collaborate and solve problems.
Option 4: Incorporate widebanding because it encourages employees to change roles and responsibilities and bring new perspectives to different parts of the company.
Do you think you know enough at this point to make a major decision like this? Why or why not?
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Banding is a procedure whereby applicants who score in different score ranges or bands are considered to have scored equivalently.
How would you respond to this- Corporate Universities are a great example how companies prioritize education and further their employees dedication
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