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Methods of job evaluation
- 1. Evaluating jobs to gain equity when paying staff By John Berry © Copyright TimelessTime 2011 “driving competitive advantage through people…”
- 2. What is Job Evaluation? The process of systematically determining the relative value of different job roles within a firm. Evaluates the job NOT the person Determines worth of one job in relation to another Supports establishment of fair and equitable reward system © Copyright TimelessTime 2011 “driving competitive advantage through people…”
- 3. Non-analytical: Job Ranking Method 1 Receptionist Sales Manager Bought Ledger Controller Sales Manager Bought Ledger Controller Customer Services Officer Customer Services Officer Accounts Ledger Accounts Ledger Secretary Marketing Assistant Marketing Assistant Secretary Computer Operator Computer Operator Receptionist © Copyright TimelessTime 2011 “driving competitive advantage through people…”
- 4. Non-analytical: Method 2 Paired Comparison Ranking © Copyright TimelessTime 2011 “driving competitive advantage through people…”
- 5. Non-analytical: Job Classification Sales & Administration Accounts Marketing Sales Assistant AD1 SM1 AC1 Admin Director Sales Director Finance Director Post Room AD2 SM2 AC2 Office Manager Sales Manager Account Manager Operative AD3 SM3 AC3 Bought Ledger Secretary Marketing Officer Controller AD4 SM4 AC4 Receptionist Marketing Assistant Accounts Ledger Method 3 © Copyright TimelessTime 2011 “driving competitive advantage through people…”
- 6. Analytical: Factor Comparison Job Hourly Skill Effort Responsibility Working Rate Conditions Admin. Asst. £9.00 £4.50 £2.00 £2.00 £0.50 Secretary £11.00 £5.50 £2.50 £2.50 £0.50 Supervisor £15.00 £6.00 £3.50 £4.00 £1.50 Manager £21.00 £9.00 £3.50 £7.00 £1.50 The hourly rate is divided into pay for each of the above factors. Method 4 © Copyright TimelessTime 2011 “driving competitive advantage through people…”
- 7. Analytical: Point Factor Rating • Technical Knowledge Know How • Management Breadth • Interpersonal Skills Problem • Thinking Environment Solving • Thinking Challenge • Freedom to Act Accountability • Magnitude • Impact Wage(£) = f(PKH + PPS + PA) * k Method 5 © Copyright TimelessTime 2011 “driving competitive advantage through people…”
- 8. Summary • In aiming for equity in pay, what matters is that there’s a system • Various approaches exist – which to use depends on the firm and the environment • For more, call us or see our other publications published on our website and blog from time to time © Copyright TimelessTime 2011 “driving competitive advantage through people…”
- 9. For more information: Browse www.timelesstime.co.uk Or visit www.blog.timelesstime.co.uk Or call 01825 724179 © Copyright TimelessTime 2011