Using Job Evaluation in Your Organization

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Course Number:34
Category:Job Analysis, Descriptions and Evaluation
Field of Study:Business Management & Organization
Audience:Compensation Professionals, HR Managers, HR Generalists
Level of Difficulty:Intermediate
Delivery Method:QAS Self Study
Prerequisites: Basic algebra and ERI Distance Learning Center Course 33: Conducting Job Analysis
Advanced Preparation:None
SHRM BASK:As defined by the SHRM Body of Applied Skills and Knowledge (BASK), this self-study course relates to competencies in Data Gathering, Data Analysis, Exchanging Organizational Information, and Listening with functional areas in Workforce Management and Total Rewards.
OverviewWhile market-based pay systems have become the most common method for determining pay, job evaluation is an important tool for compensation professionals seeking to achieve internal pay equity. This course will take a close look at three of the main job evaluation methods in use, job ranking, point factor, and market pricing. We will guide you through the steps of job evaluation where the focus is on creating a job hierarchy based on job duties and their importance to the organization. There will also be an analysis of why job evaluation, especially the point factor method, is a sound approach to achieving pay equity in an organization. Upon completion of this course, you will be ready to implement and use a job evaluation program of your own.
Learning Objectives:
  • Recognize the importance of job descriptions in job evaluation
  • Differentiate between job ranking, point factor, and market pricing
  • Specify how to perform job evaluation using job ranking, point factor, and market pricing
  • Select a job evaluation methodology that is appropriate based on an organization’s needs
  • Identify compensable factors and sub-factors and how to give them weighting and points based on analysis and factor descriptions
  • Specify the importance of sub-factor levels and how to describe them
  • Calculate a job point factor score to create a job hierarchy and assign the job to a grade
  • Identify how to use job evaluation and labor market rates to determine competitive and equitable salary structures
  • Define the many benefits of conducting job evaluation, in particular how it can help an organization achieve pay equity
Credit & Professional
Continuing
Education Information:

  • SHRM-CP/SHRM-SCP Credit Information:

    ERI Distance Learning Center is recognized by SHRM to offer Professional Development Credits (PDCs) for SHRM-CP® or SHRM-SCP® recertification activities. This program is valid for 1 PDCs for the SHRM-CP® or SHRM-SCP®. For more information about certification or recertification, please visit www.shrmcertification.org.

    SHRM Preferred Provider

  • aPHR/PHR/SPHR/GPHR Credit Information:

    ERI Distance Learning Center is a recognized provider of recertification credits. The HR Certification Institute® (HRCI®) has pre-approved this activity for 1 HR (General) credit hour(s) towards aPHR™, PHR®, SPHR®, and GPHR® recertification.

    HRCI Approved Provider
    HR Certification Institute’s® (www.HRCI.org) official seal confirms that ERI Distance Learning Center meets the criteria for pre-approved recertification credit(s) for any of HRCI’s eight credentials, including SPHR® and PHR®.

  • CCP/CBP/GRP/WLCP Credit Information:

    This online course qualifies for recertification credit for the Certified Compensation Professional (CCP®), Certified Benefits Professional® (CBP), Global Remuneration Professional (GRP®), and Work-Life Certified Professional (WLCP®) designations granted by WorldatWork Society of Certified Professionals. For more information on recertification, visit the Society website at www.worldatworksociety.org.

  • CPE QAS Self Study Credit Information:

    National Registry QAS Self Study - Course approved for 0 credit(s) in these states:

    Alabama, Alaska, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virgin Islands, Virginia, Washington, West Virginia, Wyoming

    Course approved for 0 credit(s) in Vermont

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Additional Information:
*The Course Credit List displays credits and credit types offered by location.
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The ERI Distance Learning Center is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: https://www.nasbaregistry.org/

ERI Economic Research Institute is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CP® or SHRM-SCP®