INTRODUCTION
Job evaluation is a critical step in the development of a formal compensation program. It can have a significant impact on a business so investment in this process is important.
A key benefit of job content evaluation is internal consistency and organizational alignment. This not only helps to control labor costs but also ensures fairness and equity within an organization.
Course Overview
First, this course will look at the history of job evaluation and its prevalence worldwide. Then, we will go through the steps of implementing job evaluation in your organization. These are:
- Define the jobs
- Decide which factors are most valuable to the organization
- Rank the jobs in the organization based on the factors chosen
- Establish the job structure
- Price the job structure
Finally, we will consider job evaluation as a cause of, and solution to, pay discrimination.