When a company performs job evaluation, three issues are usually targeted:
• the presence of a fair compensation plan
• clearly defined roles and responsibilities in the organisation
• room for pay rises.
All businesses need to address these three issues and strengthen current or implement new policies, as needed, in order to ensure that the organisation retains and attracts talented staff for the jobs you have.
Understanding The Process Of Job Evaluation
Employee services providers say that a job evaluation usually starts with determining and measure job values. Every company needs to have a systematic process that allows them to gauge the relative importance, complexity, and value of each job involved in building and growing the company. There are several job evaluation methods available and there will be no difficulty in finding a specific method that is very comprehensive and tailored to suit the specific goals and culture of the company. Some of the more common methods utilised by some companies are point evaluation, factor comparison, and market comparison, among many others.
• the presence of a fair compensation plan
• clearly defined roles and responsibilities in the organisation
• room for pay rises.
All businesses need to address these three issues and strengthen current or implement new policies, as needed, in order to ensure that the organisation retains and attracts talented staff for the jobs you have.
Understanding The Process Of Job Evaluation
Employee services providers say that a job evaluation usually starts with determining and measure job values. Every company needs to have a systematic process that allows them to gauge the relative importance, complexity, and value of each job involved in building and growing the company. There are several job evaluation methods available and there will be no difficulty in finding a specific method that is very comprehensive and tailored to suit the specific goals and culture of the company. Some of the more common methods utilised by some companies are point evaluation, factor comparison, and market comparison, among many others.
In addition to giving a company effective compensation management, the right job evaluation scheme for the organisation will allow the management to establish and qualify varying employee contributions. This assessment determines whether the job’s level of contribution helps greatly in achieving the company’s objectives. The results may also drive the management and the business owners to adjust the skills and knowledge required to perform the job or re-evaluate the necessity of the job itself to the organisation.
Implementing the right job evaluation scheme will help the company keep up with the ups and downs of the business. This is because the proper evaluation tool gives the company the precise kind of information needed to adjust, develop, or fine-tune job descriptions in order to come up with compensation plans that can address the company’s changing needs.
Performing a job evaluation can take time and perhaps even require specific training for the persons to be assigned as evaluators. Many companies opt to hire specialists in job evaluation programmes and services to avoid this.
Whether the owner or management ends up using the frequently used point evaluation method (wherein the value of a job is expressed in financial terms) or the easiest and fastest ranking method (wherein jobs are ranked from the highest to the lowest based on their relative value to the company), a job evaluation method delivers numerous benefits to any organization, beyond merely developing a fair and competitive pay scale for all present and future employees.
Source:
http://www.personalgroup.com offers more details about the different employee services you can invest in for the betterment of your organisation.
Implementing the right job evaluation scheme will help the company keep up with the ups and downs of the business. This is because the proper evaluation tool gives the company the precise kind of information needed to adjust, develop, or fine-tune job descriptions in order to come up with compensation plans that can address the company’s changing needs.
Performing a job evaluation can take time and perhaps even require specific training for the persons to be assigned as evaluators. Many companies opt to hire specialists in job evaluation programmes and services to avoid this.
Whether the owner or management ends up using the frequently used point evaluation method (wherein the value of a job is expressed in financial terms) or the easiest and fastest ranking method (wherein jobs are ranked from the highest to the lowest based on their relative value to the company), a job evaluation method delivers numerous benefits to any organization, beyond merely developing a fair and competitive pay scale for all present and future employees.
Source:
http://www.personalgroup.com offers more details about the different employee services you can invest in for the betterment of your organisation.