Job Evaluation & Compensation System

Job evaluation is a process that serves the needs of the compensation system in a company by determining the relative value of one job in relation to another. The basic purpose of job evaluation is to eliminate pay inequities which may exist because of illogical pay structures, such as might develop over time if care is not taken in how compensation is determined. Job evaluation programs are generally administered by the human resource department and is usually conducted by committee. The jobs people have are major determinants of the amount of financial compensation they will receive, and organizations pay for the value attached to certain duties, responsibilities, and other job-related factors, such as working conditions. The relative worth of jobs is usually determined through a combination of job analysis, job descriptions, and job evaluation. Job analysis and job description determine and express the content of a given job, while job evaluation makes use of this data to compare jobs and set compensation.

Job evaluation is used to accomplish the following tasks:

* Identify the job structure of the organization.

* Bring order and equity to the relationship among jobs.

* Develop a hierarchy of job value to create a pay structure.

* Achieve a consensus among managers and employees concerning jobs and pay within the company (Mondy & Noe, 1993, 453).

Job evaluation should be conducted as a systematic analysis of jobs to determine relati



Related Essays

Analysis Methods One of the most important functions .... analysis and task inventories: compensation, selection, planning, training and performance evaluation. .... resource function, and the .... analysis system .... (2285 9 )

Human Resources .... to make when conducting job evaluation and analysis .... certain positions, and inadequate compensation in others .... to challenge the traditional classification system. .... (3059 12 )

Lifetime Employment: An Evaluation Lifetime Employment: An Evaluation. .... to the competition by way of a mobile .... market. .... staff members to be terminated when coupled with significant compensation. .... (2311 9 )

THE CONCEPT OF A MERIT PAY SYSTEM Introduction B .... the gain sharing concept in the compensation of blue .... Much of the evaluation of performance in America .... an individual, and the conduct of ....-related activities .... (2231 9 )

Human Resource Management at Le Taxi du Lac .... Essentially, the system is an amalgamation of the principles espoused .... of .... design, performance evaluation, rewards, job evaluation, compensation and benefits .... (6663 27 )

Category: Business - J
Common Topics
Click Here to Get Instant Access to over 32,000 Professionally Written Papers!!!
Join Now  
Saved Papers  
Save your essays here so you can locate them quickly!
"Thank you for making such a high quality site! Your papers are the best I have seen around"
Debbie B.
"Your site was very helpful and gave me the details I needed in order to complete my essay!!!"
Mike F.
"This site is an excellent vehicle for quick referrences. Thanks a bunch!"
Carla T.
"Great site, I got a lot of new ideas I would have never thought of before."
Nate A.
"I love this site!!!"
Marie H.
Copyright © 2007 - 2014 Lots of Essays. All Rights Reserved. DMCA