What factors would influence the design of a pay structure and why would an orga

Question

What factors would influence the design of a pay structure and why would an organization use more than one pay structure. How would the structure be different if the organization wanted to incorporate team based pay into the structure? Would broad banding help or hurt? Why? What factors would influence the design of a pay structure and why would an organization use more than one pay structure. How would the structure be different if the organization wanted to incorporate team based pay into the structure? Would broad banding help or hurt? Why?

Explanation / Answer

Factors influencing overall:-

For Team based pay:-

Yes of course Broad branding will help in achieving right synchronization and synergy within the team members to increase overall team efficiency and performance, which on large scale benefits the specific business unit and company itself. Broad Branding is 360 degree concept benefitting and befitting to all employees.

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