Examlex
An operations strategy reflecting the lean philosophy of production should recognize that lean:
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.
Ph.D.
A Doctor of Philosophy degree, the highest university degree that is conferred after a course of study.
MA
Could refer to a Master of Arts degree, an academic qualification awarded upon completion of a course of study in the arts, humanities, or social sciences.
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