BUSI 4320 Lecture Notes - Lecture 28: Pension, Canada Pension Plan, Global Atmosphere Watch

• School: Memorial University
• Department: Business Administration
• Course: BUSI 4320
• Professor: Lorne Sulsky

Document Summary

Job evaluations: systematic process of assessing job content and ranking jobs according to a consistent set of job characteristics and worker traits. Job ranking: a form of job evaluation in which jobs are ranked subjectively according to their overall worth to the organization. Job grading: a form of job evaluation that assigns jobs to predetermined job classifications according to their relative worth to the organization. Point system: a for(cid:373) of jo(cid:271) e(cid:448)aluatio(cid:374) that assess the relati(cid:448)e i(cid:373)porta(cid:374)(cid:272)e of the jo(cid:271)"s ke(cid:455) factors in order to arrive at the relative worth of jobs. Internal equity: perceived equity of a pay system in an organization. External equity: perceived fairness in pay relative to what other employers are paying for the same type of work. Wage and salary surveys: studies made of wages and salaries paid by other organizations (cid:449)ithi(cid:374) the e(cid:373)plo(cid:455)er"s la(cid:271)our (cid:373)arket.