||A broadband is a performance-based compensation strategy that groups jobs based on the tasks involved and skills required. This means that employees can move up the compensation ladder without traditional promotions and job delineations, because their movement is based on skill attainment and performance rather than their tenure with a business or in a certain position.
In this Strategies Webinar, you'll learn:
• Where to start in building your broadband
• Could a broadband system exist in our current culture?
• The importance on ongoing/effective communication and employee trust
• The critical role of strong performance management systems
• How broadbands should produce in growth for employees and the salon