COMMERCE 2BC3 Lecture Notes - Lecture 27: Subfactor, High School High, Job Analysis
1 May 2016
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External equity: established through market pricing, salary surveys, etc. to ensure that the salaries are aligned with the market, so that the organization can achieve its goals. Internal equity: established through job evaluation (primarily the point method). The point method: established job values by assigning points to each job based on compensable factors. Pay grades are groupings of jobs that have similar degrees of worth to the organization, a pay range is influenced by a variety of things like seniority, etc. Rates of pay are on the y axis, pay grades are on the x axis, and then box plots are placed on the graph. Activity: make job evaluation ratings for supermarket jobs. Assume a small/medium sized store in a small city. Sub categories of responsibility (40%): for people, for money. Sub categories of working conditions (30%): discomfort, hazards. Normally, the first step would be to establish the weight% of the levels.
