MGT 462 Lecture Notes - Lecture 4: Job Evaluation, Arraignment, Job Analysis
Document Summary
Benchmark job - job commonly found in the market. One that has a standard and consistent set of responsibilities from on organization to another and therefore, can be compared from one organization to another. Content of job well-known and relatively stable over time. Research shows that different methods will result in different pay structures, so the choice of method matters. Can group a wide range of work together in one system. Descriptions may leave too much room for manipulation. Ranking method - process of ranking jobs in against one another and arraign them in order of each job"s perceived value in relation to the others in the organization. Points associated with different aspects of a job are difficult to assign. Generates a hierarchy but does not have an external component (may not reflect external value of a job) Looks at external data, job evaluation forms the basis for market pricing.
