If you’re considering a broadbanding program, it’s a good time to review and analyze your entire compensation system, keeping the following three steps in mind:

1. Senior management and individual line management determine the best approach and timing for implementing broadbands.

2. Specific work teams develop job families and competencies. Teams may be structured vertically or horizontality across functions.

3. Supervisors are trained to administer the program and to communicate with employees about broadbanding and its role in managing careers within your organization.

Properly planned and implemented (in the right environment and for the right reasons), broadbanding can save time and money while developing multitalented employees and a more flexible reward system.