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Job Evaluation - Coggle Diagram
Job Evaluation
Job evaluation methods
Job analysis
Job evaluation
External focus
Market pricing
Currently gaining popularity
Matches not always available
Focus on market competition
Good "matches" matter
Use market data to value
Internal focus
Classification
Uses class descriptions
Think as "book-shelfing"
Best matched
Subjective judgements
Groups similiar jobs
Ranking
Quantitative value of job
Consider entire job
Value to organization
Best of small organizations
Places jobs in order
Point factor
Most popular internal method
Most effective method
Assign points
Best of complex organization
Compensable factors
Compensation philosophy
Each gives different results
Internal driven
Maintaining internal equity
External driven
Reflecting how the outside world pays fo the position
What is?
Systematic process of determining the relative worth of jobs
Outcome
The development of an internal structure or hierarchical ranking of jobs.
Provides
Base foundation to design base pay structures
Market pricing
Without global evaluation points
Job evaluation
With job evaluation points