The New Management at LennoCorp Felt That the Company Had

question 148

Multiple Choice

The new management at LennoCorp felt that the company had too many salary grades, making the compensation system overly complex and encouraging an obsession with pay grade rather than skill development. They are collapsing the salary grades into a few wide salary bands in a process known as

• A)red circling.
• B)broadbanding.
• C)pay ranging.
• D)factor comparison.

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Definitions:

Ethernet

A family of computer networking technologies commonly used in local area networks (LAN), metropolitan area networks (MAN) and wide area networks (WAN).

Federal Communication Commission

A United States government agency that regulates interstate and international communications by radio, television, wire, satellite, and cable.

Internet Access

The ability of individuals or organizations to connect to the Internet through a computer or other device.

RFID

Radio-Frequency Identification, a technology that uses electromagnetic fields to automatically identify and track tags attached to objects.