Job Evaluation All Explained

Meaning:

Job Evaluation is the procedure for getting monetary worth of a job. In simple terms, it determines the salary structure for a job. Job evaluation may differ from company to company, because different factors have different values to different company. A company which provides security guards may give more value to physique and a company which deals in software development may give more value to mental aptitude and innovations.

Reason for Job Evaluation:

# For making job grades

# For making rationale salary structure

# For setting interconnected relation between jobs.

# For making a connection between a job and organization strategy.

Methods of Job Evaluation:

There are two  old method of job evaluation; apart from these two methods no other popular method is being sought.  If anyone comes across / or have developed any other method of job evaluation, please discuss here.

Non-analytical (comparing one whole job to another):

• Job Ranking

• Paired Comparison

• Job Classification

Analytical (quantitative)

• Point factor rating ;by  Lott (1924)

• Factor comparison; by Eugene J. Benge (1926)

Before going further let’s understand term Benchmark Jobs: these are factors with in the jobs identified as a representative for the range of jobs.

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