HRM 3490 Chapter : The Point Method of Job Evaluation
Document Summary
Compensable factor are characteristics of jobs that are valued by the organization and differentiate jobs from one another. Breaking down the factors into major categories. Establish degrees/levels/scale for each factor that measures the extent to which a factor is present in a job. Higher degree contains more of the factor than the degree before. Number of degrees to use for each factor varies: weighting the factors. Weight each factor according to its relative importance. Expert judgment: applying the job evaluation system. Summarize the results through a table which incorporates the results taken from the summary ratings chart: test the job evaluation system. Before we can find out if the je system is valid, there are a number of tests that need to be done. Validity the extent to which a measuring instrument actually measures what we intend it to. The first test of the system is its reliability.