The following exercise introduces you to pay equity in a corporate context and team

The following exercise introduces you to pay equity in a corporate context and team discussion and collaboration.

Consider what you learned in the experience and respond to the following:
What are your feelings on a traditional salary structure (many levels) vs. simplified pay bands?
Have your thoughts on salary structure changed after this exercise?
What are the advantages and disadvantages of using salary bands?
What do you think about simplified salary bands? What are pros and cons?
How do we justify different salaries for essentially same work