ADMS 3490 Lecture Notes - Lecture 7: Measuring Instrument
12 Jan 2017
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Hrm 3490 compensation parbudyal fall 2012. Study notes 07 the point method of job evaluation. Using the point method to design a job evaluation system the value of various jobs. Step 1: identifying compensable factors compensable factors: characteristics of jobs that are valued by the organization and differentiate jobs from one another, skill, effort, responsibility, working conditions. Understand the range or degrees or levels of the compensable factors. Understand that weights will be attached to the scale/degrees. Step 3: determine weight of the factors: use compensation committee, weights have meanings for pay, so be careful. It can be either equal weights by degree or not: first, determine total possible score, and then work backwards, weights may be strategically used. Step 4: evaluate all jobs: do an assessment of each job, use job evaluation/compensation committee. Step 4: evaluate all jobs: do an assessment of each job, use job evaluation/compensation committee, technician versus engineer, painter versus nurse.
