Determining the effectiveness of the broad band approach

Assignment Help Operation Management
Reference no: EM131034758

Comment to the following..250 words or less

How might you go about determining the effectiveness of the Broad Band approach?

Broad band approach is based on wide salary bands. In order to determine the effectiveness of broad band approach, an organization needs to see how money is spend on the salary and how productive employees are. In addition, making sure that broad band streamlines organizational hierarchies and supports internal job promotions.

Would you want to be under a Broad Band approach (or perhaps you are already)? If yes, please explain why you would want to be or if no, why you would not want to be under such an approach?

I like the idea of broad band approach because it facilitates internal movement and focuses on the person instead of the job. The organization I work for utilizes broad band approach. New employees receive the minimum pay for one year and after one year they are eligible to move up. There is not given real promotion because employees do not received a title change but almost all the employees are satisfied with broad band approach. Many of you might disagree with me, however, as a young professional I find this approach very effective.

Reference no: EM131034758

Questions Cloud

Cost low is important to profit margin and market share : Creating solid value in a company is important but paying attention to perceived value is equally as important. Keeping quality high while keeping production cost low is important to profit margin and market share. Vertical differentiation is preferr..
Formulate a linear programming problem : Formulate a linear programming problem in order to determine how long before Agent Smith will rule the world. Hint: even though the problem may look like the scheduling models that we have discussed when talking about integer programming, it is mu..
Discuss the environmental factors facing the business unit : Identify and discuss the main environmental factors facing the business unit you have selected and discuss the operational and reputational risks that the business would face in the event that environmental issues and commitment to sustainability ..
Accurately predicting the final cost outcome of a project : What factor would assist in accurately predicting the final cost outcome of a project?
Determining the effectiveness of the broad band approach : How might you go about determining the effectiveness of the Broad Band approach? Broad band approach is based on wide salary bands. In order to determine the effectiveness of broad band approach, an organization needs to see how money is spend on the..
Classified as risk averse-risk neutral or risk seeking : Suppose that you are given the following two alternatives: At what value of p would you be indifferent between these two alternatives? Given your response to part a, would you be classified as risk averse, risk neutral, or risk seeking?
What is the probability of a favorable seismic survey : The Mobile Oil company has recently acquired oil rights to a new potential source of natural oil in Alaska. The current market value of these rights is $90,000. If there is natural oil at the site, it is estimated to be worth $800,000; however, the c..
What is the optimal production quantity for the card : Wholemark is an Internet order business that sells one popular New Year greeting card once a year. The cost of the paper on which the card is printed is $0.40 per card, and the cost of printing is $0.10 per card. What is the optimal production quanti..
Most important element in the external environment : Contemporary best-selling management books often argue that customers are the most important element in the external environment. Do you agree? In what company situations might this statement be untrue?

Reviews

Write a Review

 

Operation Management Questions & Answers

  Procurement of projects

What are four tools and techniques that could be used in procurement of projects and how and when should they be used?

  Sales revenues net of the other operating costs

A company's main expense is its workforce, and for it at the end of each month the company has to pay $300,000 worth of salaries. The money comes from a payroll account that is empty at the beginning of the year and receives a variable in ow from the..

  Health care costs are out of control

Discuss the following statement: “Health care costs are out of control in the United States, and increasing conflicts between employers and employees are likely as employers try to reduce their health-benefits costs.”

  Mentoring and evaluating the microenvironment

Assess the value and importance of a PEST Analysis as a tool for mentoring and evaluating the microenvironment. Provide at least two (2) specific examples of PEST Analysis that apply within a health care organization that you are familiar with.

  Differences and similarities among world cultures

There are considerable differences and similarities among world cultures. This makes the task of the global marketer much more difficult. Discuss what needs to be taken into account when planning marketing strategy for different parts of the world..

  Revenue management

Le Meridien in San Francisco has 160 rooms. The hotel has an ample low fare demand at the room rate of $200 per night, but the demand from the high fare class, which pays $450 per night on average, is uncertain.

  The leader factor in contingency leadership theory is based

Contingency leadership theories contend that there is no one best leadership style for all situations. The leader factor in contingency leadership theory is based on: Fiedler's model of contingency leadership recommends that if a leader and situation..

  Individual supply chain management activities

Would you agree that the importance of the individual supply chain management activities vary with the type of business? (e.g., purchasing vs. inbound transportation) and provide examples

  How would you handle this situation

Due to cutbacks at the company you work for, the division you manage recently merged with another division to minimize costs.

  Assignment on develop a project management office plan

Develop a Project Management Office (PMO) Plan to Successfully Staff a Project and Monitor Performan

  Moving the turbine blades domestically and internationally

What are the major problems and pitfalls that RW faces as it tries to go global with its product line? What modes of transportation would you recommend to Helm as most appropriate for moving the turbine blades domestically and internationally?

  Application of axiomatic design in product development

Conceptualize the solution through synthesis, which involves satisfying several different functional requirements using a set of inputs such as product design parameters within given constraints.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd