I mean, most companies already have salary ranges (they're just invisible to employees). So the process of promoting to a new "band" or "position" would stay t

I mean, most companies already have salary ranges (they're just invisible to employees). So the process of promoting to a new "band" or "position" would stay the same. That and companies can adjust their ranges, they're not set in stone. Or go the exec route and just pad with equity and other benefits. Lot's of options.