Many People Recall the Concern Called the ____________________ Issue, When

question 40

Short Answer

Many people recall the concern called the ____________________ issue, when some older programs that used only two characters to store the year might not adjust properly to the new century.

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Definitions:

Matching the Market

A compensation strategy where an organization ensures its pay levels for employees are competitive with those offered by other employers in the same industry.

Market Average

A measure or calculation that reflects the typical price or performance of selected stocks, goods, or services in a market.

Broadbanding

A pay structure that consolidates a large number of pay grades into fewer, wider bands, allowing for more flexibility in employee movement and pay adjustments.

Traditional Pay Grades

A structured pay system where employees are placed into specific categories or grades based on their job function, experience, and responsibilities, with each grade having a predetermined pay range.