MANA 443 Lecture Notes - Lecture 5: Job Evaluation, Job Analysis
13 Dec 2018
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Document Summary
Process of systematically determining the relative worth of jobs to create a job structure for the organization. Job structure the process of systematically determining the relative worth of jobs to create a job structure for the organization. Third, do job evaluations to determine job level and/or market value. Fifth, periodically review/confirm the internal and external validity of the resulting system. As a practical matter, unless your employer is a start-up, there will already be a system in place: We want to offer pay opportunities based on what jobs are worth to the company. Different jobs will be of different value inside and outside the company. If we pay too much, our costs will be uncompetitive. If we pay too little, people will not come or stay with the company. In case we need to readjust positions: we need a way to determine this systematically across the company; becomes more complex: As the company competes in multiple businesses.
