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Factor Comparison Job Evaluation Method
Factor Comparison Job Evaluation Method. Choose a job evaluation method. 10 steps to developing a successful job evaluation.
Hitten was the first to originate factor comparison method of job evaluation. (a) first, various factors are selected and defined clearly. Steps involved in factor comparison method ::
Decide What Factors You Value Most.
The selected jobs must represent as many departments as possible. Job evaluation refers to the measurement of the value of a job relative to other jobs. The job scores are added to determine a total and are.
Thus, It Is Rating Of Job.
The steps in evaluating the job under this method can be enumerated as under: Factor comparison/point method of job evaluation • most consulting firms adopt this method, which was pioneered by edward hay in 1943. Factor comparison is a systematic and scientific method designed to carry out job evaluation which instead of the ranking job as a whole, ranks according to a series of factors.
Choose A Job Evaluation Method.
The aim of factor comparison is to assign financial value to the relative parts of each job role. Job evaluation is the process of comparing job with other jobs in terms of wages a worker should be paid for performing any task. A composite score is obtained.
Evaluate Employment In This Case A Factor.
Steps involved in factor comparison method :: To illustrate, a ‘toolmaker’ job is to be evaluated. Ranking method, job grading method, point method and factor comparison method.
Competitive Market Analysis Method ;
These may include skill, effort, decision making, working conditions, and responsibility for people, finance, or equipment. • select key jobs (say 15 to 20), representing wages/salary levels across the organization. The four primary methods of job evaluations used to set compensation levels are point factor, factor comparison, job ranking, and job classification.
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