BU354 Chapter 9: Chapter 9 HR
Document Summary
Motivating and rewarding human resources: employees have to be compensated for their performance fairly and equitably. Job evaluation: are systematic procedures to determine the relative worth or value of jobs, take several different approaches, each one considers the duties, responsibilities, and working conditions of the job. Job grading: more sophisticated method, works by assigning each job a grade, figure that matches the job description determines the grade of the job, more important jobs are paid more. Wage and salary surveys: all job evaluation techniques result in a ranking of jobs based upon their perceived relative worth, this assures internal equity. Pricing jobs: establish the appropriate pay level for each job and grouping the different pay levels into a structure that can be managed effectively. Productivity: a company cannot pay workers more than they contribute back to the firm through their productivity, when this happens, companies usually redesign those jobs, train new workers to increase their supply, or automate.