What are the characteristics of broadband pay compared to the traditional equal pay model where jobs are strictly given

Compared with the traditional hierarchical pay model, the broadband pay model has the following characteristics:

(1) Broadband pay breaks down the hierarchical concepts maintained and reinforced by the traditional pay structure, reduces hierarchical differences between jobs, facilitates the improvement of efficiency as well as the creation of a learning corporate culture, and helps companies to maintain the flexibility of their own organizational structure as well as to adapt to the external environment more effectively.

(2) Guide employees to emphasize the growth of personal skills. Under the traditional hierarchical salary structure, the salary increase of employees often depends on the promotion of individual positions rather than the improvement of ability, because even if the ability has reached a higher level, if there is no job vacancy in the enterprise, the employees still can't be promoted to a higher position and get a higher salary at the same time. The broadband salary breaks the original only job promotion can be a substantial increase in salary, to give employees a larger salary space, is conducive to the continuous growth of employee skills.

(3) Suitable for the development trend of organizational structure flattening. Broadband pay system dilutes the concept of hierarchy, is conducive to teamwork among members of the organization, improve the efficiency of the enterprise, adapted to the needs of the development trend of modern enterprise flattening.

(4) Broadband pay system is market-oriented, requiring corporate managers to have a high level of management and a sense of responsibility, otherwise broadband pay will bring about the arbitrariness of the employees' salary setting, which will cause internal injustice and increase the labor cost of the enterprise at the same time.