Job Evaluation

Question 1

What are the 8 Job Evaluation Process

Answer 1

1. Take an Inventory of all the positions in the organization
2. Determine the compensable factors
3. Determine the levels of each factor
4. Determine the weights and points for each factor
5. Assign points to each level of each compensable factor
6. Assign minimum required points for each Job for each compensable factor
7. Create categories and gradations of the positions based on compensable factors
8. Assign Monetary gradation of the levels based on compensable factor

Question 2

What are the 2 stages process of determining the monetary worth of a job

Answer 2

1. Involves comparing jobs within an organization
2. Determining external pay equity

Question 3

refers to the amount of money paid to an employee (does not count benefits, time off, and so forth)

Answer 3

Direct compensation

Question 4

refers to the idea that jobs requiring the same level of skill and responsibility should be paid the same regardless of supply & demand

Answer 4

Comparable worth

Question 5

refers to a line that represents the ideal relationship between the number of points that a job has been assigned and the salary range for that Job

Answer 5

Wage trend line

Question 6

are elements of the job that are the basis for determining the worth of the job

Answer 6

Compensable factors

Question 7

a questionnaire sent to other organizations to see how much they are paying their employees in positions similar to those in the organization sending the survey

Answer 7

Salary surveys

Question 8

3 determiner levels of each factor

Answer 8

1. Education
2. Responsibility
3. Physical Demands