Conventional Job Evaluation Method

 Ranking Method
 Job Specification or Job Grading Evaluation Method
 Point System
 Assigning Weights to Factors
- Weights are assigned to each to of the factors, sub factors,
and degrees to reflect their relative importance
 Different Forms of Compensation
- Employees can be paid for the time they work, the output they produce,
or a combination of these two factors.

 Payment for Time Worked

 Incentive forms of Compensation
- piecework or payment by result
- individual incentive plans
- Group incentives
 Performance-based rewards
 Spout Bonuses
 Skills and knowledge-based Pay/Competency-based Pay
 Merit pay plans
 Profit sharing
 Stock Ownership plans
 Executive Compensation