General Business BUS206 Lecture 5: Module 5 - Ch. 5 Overview
22 Sep 2020
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Document Summary
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. Raters examine job description and arrange jobs according to their value to the company. Classes or grades are defined to describe a group of jobs. Numerical values (points) are assigned to specific job components; sum of values provides quantitative assessment of the job"s worth. Contents are well-known and relatively stable over time. Job is common across several different employers. Reasonable proportion of the workforce is employed in this job. The content of these jobs is basis for compensable factors. Based on the work performed (what is done) Based on strategy and values of the organization (what is valued) Acceptable to those affected by resulting pay structure (what is acceptable)
