MHR 749 Lecture Notes - Lecture 5: Job Evaluation, Paq, Hay Group

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Job evaluation: process of systematically determining the relative worth of jobs to create a job structure for the organization (a hierarchy of all jobs based on value to the organization to provide the basis for the pay structure) Job evaluation is based on job content and internal job value, not market value. If job value can be quantified, then job evaluation can be: objective, numerical, generalizable, documented and reliable. Validity and reliability of job evaluation plans can be compared. Is a process that helps gain acceptance of pay differences. Parties accept the rules and believe they are applied fairly. Some major decisions in job evaluation: establish purpose of evaluation, decide whether to use single (hay and. Paq) or multiple plans: choose among alternative approaches, obtain involvement of relevant. Advantages of job evaluation: reduction in inequalities in salary structure - it is found that people and their motivation is dependent upon how well they are, e(cid:448)aluate pla(cid:374)(cid:859)s useful(cid:374)ess stakeholders being paid.

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