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Pay levels (Benchmarking (benchmark jobs (common, stable jobs used in pay…

- - - - qualitative
      - simplest & most cost-effective
      - 2 types
        
        alternation
        
        paired comparison
    - - qualitative
      - when an org gives a very general description for a type of job in which a number of jobs are put into this classification (grouping by general description)
      - adv
        
        universal and easy, more defensible than ranking
      - disadv
        
        broad descriptions leave margin for error
        
        detailed descriptions do not provide flexibility in hiring
        
        does not allow for comparison of jobs from different job families
    - - quantitative
      - detailed analysis of job's compensable factors
      - best for situation's where pay equity legislation applies
      - SWER
        
        Skills
        
        Working conditions
        
        Effort
        
        Responsibility
- - - - math expression of relationship b/w job's pay and job evaluation point
- - - - does org sell enough product at a sufficient price to pay employees adequately and succeed ultimately?