What is salary Broadbanding?
A broadbanding pay structure uses a small number of large salary pay ranges, instead of many different pay grades within an organization. broadband is to reduce salary ranges within a certain level but introduce broader pay ranges within a job level or family.
What are pay ranges?
A salary range is the payment amount between a set of low to high numbers that an employee wants to receive once they’re hired by a company. The salary range includes a low, mid and maximum salary point.
What is a disadvantage of broadbanding?
Disadvantages of broadbanding Because of the reduced job levels, employees have fewer opportunities to earn a promotion. Some employees may view promotions as a motivating factor to perform better. However, you can use their potential for earning higher pay within their role to help continue to motivate them.
What is a benefit of broadbanding?
Broadband enables local communities, regions and nations to develop, attract, retain and expand job-creating businesses and institutions. It also improves the productivity and profitability of large, small and home-based businesses and allows them to compete in local, national and global markets.
Where can I find salary ranges?
Best salary information websites
- Salary.com. The most popular salary-specific job site, Salary.com lists every position in a field with free salary info.
- Glassdoor. Glassdoor is known for its extensive company reviews and employee feedback.
- PayScale.
- Indeed.
- SalaryList.
- Salary Expert.
- Bureau of Labor Statistics.
- Job title.
What is a benefit of Broadbanding?
How much do medical coder jobs pay per month?
The base salary for Medical Coder ranges from $41,861 to $56,599 with the average base salary of $48,260.
What factors affect salaries for medical billing specialists and coders?
Salaries for medical coders and medical billing specialists vary based upon a number of factors. These factors include specialization, certification, location, type of workplace, and experience.
What benefits do employers offer medical coding professionals?
Many employers also offer paid professional association dues and paid continuing education. Paid continuing education is a particularly valuable employee benefit, given the correlation between medical coding salaries and the credentials a coding specialist has attained.
What does a medical biller/coder do?
Medical coders review medical data and assign the appropriate standardized code needed for billing. Medical billers take that information, compile it, and prepare claims for insurance companies and bills for patients. This role often requires following up with medical providers, insurers, and patients for clarification.