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HRM 1 Compensation Management-FINE

HRM 1 Compensation Management-FINE

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 MBA-H4030 Compensation Management
1
COMPENSATION MANAGEMENT
UNIT - ILesson 1Introduction to Job Evaluation
O u t l i n e o f t h e l e s s o n
1.
 
Terminologies of job evaluation2.
 
Concepts of job and evaluation3.
 
Objectives of job evaluation4.
 
Principles of job evaluation5.
 
JOB Evaluation criteria6.
 
Job Evaluation process7.
 
Computerized job evaluation
L e a r n i n g O b j e c t i v e s
 After studying this lesson, you should be able to:
1.
 
Understand 
the various terms of job evolutions2.
 
 Define
the term job evolution3.
 
Outline
the objectives of job evolution4.
 
 List 
the principles of job evaluation
 
5.
 
 Identify
the criteria for job evaluation6.
 
Observe
the process of 
 
 job evaluation7.
 
 Look into
the computerized job evaluation
 
 MBA-H4030 Compensation Management
2
Introduction
Once a right candidate is placed on a right job, the person needs to beduly compensated for the job he/she performs. In the pursuit of equal payment,there should be established a consistent and systematic relationship among basecompensation rates for all the jobs within the organizations. The process of suchestablishment is termed ‘
 job evaluation
’. Different jobs in an organization needto be valued to ascertain their relative worth so that jobs are compensatedaccordingly and an equitable wage and salary structure is designed in theorganization. This is necessary for sustaining cordial relations within andbetween employees and employer. Hence, there is a need for appreciation of intricacies of the job evaluation in the modern organizations. This lesson, as afirst steps, dedicated to discuss the various fundamental aspects of job evolution.
Concept and related terminologies of job evaluation
In the area of job evaluation study, a certain amount of technicalterminology is used in order to facilitate communication. It is therefore desirableto list and understand allied terms in the job evaluation, as well as some termsthat are related to and often confused with job evaluation (Exhibit.1.1).
 Position:
 
A position is a
group of tasks assigned to one individual
. There are asmany positions in a firm as there are personnel.
 Job:
 
Edwin B.Flippo describes job as a
group of positions that are similar as tokind and level of work 
. In some instances only one position may be involved,simply because no other similar position exists. For example, in the typical firmthe position of human resource manager also constitute a job since there is onlyone human resource manager in the organizing.
 
 MBA-H4030 Compensation Management
3 
 Job Analysis:
 
It is the
 process of studying and collecting information relating tothe operations and responsibilities of a specific job
. The immediate products of this analysis are job descriptions and job specifications.
 Motion study:
This also involves study of the job. Motions study is one of theways of studying job. It is a process of analyzing a job to find the easiest, mosteffective, and most economical method of doing it. As such, motion study is apart of the job design function.
 Job description:
It is an
organized, factual statement of the duties and responsibilities of a specific job
. In brief, it should tell what is to be done, how itis to be done, and why. It is a standard of function, in that it defines theappropriate and authorized content of a job.
 Job specification:
It is
 
a
statement of the minimum acceptable human qualitiesnecessary to perform a job properly
. It is a standard of personnel and designatesthe qualities required for acceptable performance.
 Evaluation:
 
Wigley explains evaluation as a data reduction process thatinvolves the collection of large amounts of data which are analyzed andsynthesized into an overall judgment of worth or merit. The implication here isthat the judgment of worth can be supported by the data. In her review, Foxonfound similar definitions referring to judgments of value or worth.
 Job Evaluation:
It is a systematic and orderly process of determining the worthof a job in relation to other jobs. The objective of this process is to determine the

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