In the future, leaders will have more flexibility to pay staff according to their performance and development. Salary increases will still be at the discretion of the leader who must conform to the budgetary and salary administration guidelines. Each band will have a minimum and maximum pay level. To make sure base pay levels are competitive, the company will continue to review and participate in industry salary surveys on a regular basis. From a personal perspective, you'll have opportunities to develop important skills and competencies.
Career paths look very different in a broadbanded environment.
Paths are no longer designated by titles and levels. Career growth is measured by demonstrated competency development, as well as the addition of new responsibilities. With broadbanding, the focus shifts from moving up and down to growing and moving. A promotion may mean one or two career development movements within a band or a career change to a new band. These movements will be celebrated and may involve financial reward.