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HRM 200 (Sociology Management) TEST 2 SUMMARY WESTERN GOVENORS UNIVERSITY.
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HRM 200 (Sociology Management) TEST 2 SUMMARY WESTERN GOVENORS UNIVERSITY.
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HRM 200 (Sociology Management) TEST2 SUMMARY WESTERN GOVENORS
UNIVERSITY.
What are the two most popular job evaluation methods
✔✔classification method and point method
What is the classification method like
✔✔categorizing jobs into groups.
the groups are called classes if they contain similar jobs,
or grades if they contain jobs that are similar in difficulty but otherwise
different
Groups jobs of approx. equal value or importance
what sector is the classification method widely used in
✔✔the public sector. ex: federal governments university teaching job
group contains teaching, research and consulting positions.
what sector is the point method used in
✔✔point method
what does the point method do
✔✔identifies the number of compensable factors in a job.
,the extent to whichj a factor is present in a job is evaluatied, a
corresponding number of points is assigned for each factor, and the
number of points for each factor is summed to arrive at an overall point
valuye for the job. Subfactors are used to clarify the specific meaning of
each factor
what are the basic point method steps
✔✔1. preliminary steps --> make committe, dtermine benchmark jobs etc?
2. dtermine factor weights and dgereees
3. assign pts for each degree of each sub factor
4. eval jobs
to use the point method it is necessary to have current job descirptions and
job specifications based on job analysis
✔✔
what are examples of subfactors in point method
✔✔eduactaion and experience, interpersonal skill, physical and mental
effort, supervisiton of others, planning, physical environmenmt, and travel
what is a pay grade
✔✔a set of jobs having similar value or important grouped together to
establish rates of pay
, what are the 3 things salary surveys are used for
✔✔Determine pay rates for benchmark jobs.
Determine pay based on marketplace rates.
Collect data on benefits, pay-for-performance, etc
what is done during the surveying stage of determining pay rate
✔✔formal/informal surveys are done with other employers
look at ppublished commerical, professionandl and government salary
surveys
stage 3: combine Job Evaluation and Salary Survey Information
✔✔Determine pay for pay grades and develop rate ranges. pay rates are
usually assigned to each pay grade with a wage curve
what are the benefits of using pay ranges
✔✔Allows employers to provide for performance differences.
More flexibility for employees with greater experience of seniority
what is broadbranding
✔✔reducing the number of salary grades ranges to just a few levels or
"bands", each of which then containsa. relatively wide range of jobs and
salary levels
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