What is the process of determining the relative worth of jobs?
Job evaluation is the process of analyzing and assessing various jobs systematically to ascertain their relative worth in an organization. Job evaluation is an assessment of the relative worth of various jobs on the basis of a consistent set of job and personal factors, such as qualifications and skills required.
What is job relative value?
The relative worth of a job means relative value produced. The variables which are assumed to be related to value produced are such factors as responsibility, skill, effort and working conditions”. Now, we may define job evaluation as a process used to establish the relative worth of jobs in a job hierarchy.
What is the assessment of the relative worth of jobs within a company?
Job evaluation is a systematic way of determining the worth of a job in relation to other jobs in the organization whereas merit rating is a systematic process of measuring the performance of the employees who are associated with the job. Was this answer helpful?
What are the factors determining job evaluation?
These factors include:Skills [years of experience, level of education and overall ability]Responsibilities [number of direct reports, fiscal accountability and the list of responsibilities of the position itself],Mental and physical effort [degree and amount of concentration, level and frequency of physical effort]More items...
Is the process of systematically determining the relative worth of jobs to create a job structure for the organization?
A job evaluation is a systematic way of determining the value/worth of a job in relation to other jobs in an organization. It tries to make a systematic comparison between jobs to assess their relative worth for the purpose of establishing a rational pay structure.
What is the first step in the job evaluation process?
The job evaluation process follows the following four steps – gathering the data; selecting compensable factors; evaluating a job; and assigning pay to the job.
Is the systematic way of determining the value and worth of a person in relation to other person in an organization?
Solution[By Examveda Team] Systematic and orderly process of determining the worth of a job in relation to other jobs is Job evaluation.
What is the role of job evaluation in determining compensation structure?
Job evaluation is the systematic process of determining the relative value of different jobs in an organization. The goal of job evaluation is to compare jobs with each other in order to create a pay structure that is fair, equitable, and consistent for everyone.
Which method is used for evaluating the performance of executives or supervisory positions?
While recruiting for non - managerial, supervisory and middle - management positions which external factor is of prime importance?...Q.Which method is used for evaluating the performance of executives or supervisory positions?D.Behaviourally Anchored Rating ScalesAnswer» a. Assessment Centres3 more rows
How many processes are involved in job evaluation?
Job Evaluation – 4 Important Steps Involved: Job Analysis, Job Documentation, Rating the Job and Creating the Job Hierarchy. 4. Creating the job hierarchy.
What is job evaluation and its methods?
Definition: The Job Evaluation is the process of assessing the relative worth of the jobs in an organization. The jobs are evaluated on the basis of its content and the complexity involved in its operations and thus, positioned according to its importance.
How do you conduct a job evaluation?
10 steps to developing a successful job evaluationOutlining the job. ... Selecting a job evaluation method. ... Classification method. ... Hay or point method. ... Decide what factors you most value. ... Assess the job in terms of these factors. ... Rank this job relative to the other jobs in your organisation.More items...•Oct 3, 2018
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