It helps in selecting the right man for the right job. It is concerned mostly with internal standards and evaluation for fixing wage rates. Job evaluation is considered an important function of HRM which help to determine the relative worth of jobs in an enterprise. Strategic Management It may help in removing inequalities in existing wage structures and in maintaining sound and consistent wage differentials in a plant or industry; (iii) The Job evaluation replaces the many accidental factors, occurring in less systematic procedures, of wage bargaining by more impersonal and objective standards, thus establishing a clear basis for negotiations. v. Develop a pay structure: Based on the relative value of each job, the organization can develop a pay structure. 2. The advantage of job evaluation is that it does not take into account the qualities of the job holder. . Defining the key factors that are present in all jobs. Out of these, first two methods are non-quantitative and also known as traditional, non-analytical or summary methods. Marketing Research Because it suffers from certain limitations which are mentioned below: i. Account Disable 12. Non-key jobs are evaluated on the basis of monetary comparison scale. Market Pricing Goals Conclusion What are the different methods of job evaluation? The following are some serious disadvantage in job evaluation technique: (1) It is a systematic and not a scientific technique: In rewarding the job, it lacks scientific precision because all factors cannot be measured accurately. Since it determines the relative value of each job, it forms a sound basis for promotion. You also have the option to opt-out of these cookies. It tends to be flexible because it does not place proper emphasis on the wage-rates in the industry as a whole. Advantage It is a very simple and easy method This method is economical It takes very less time This method is used in small firms where all jobs are well-known to job raters. Since it is not possible to measure all the factors accurately, it cannot be as scientific and precise as claimed. But as the evaluators become more experienced at interpreting the factor plan and input of job descriptions, they start to gain greater clarity on the process and make more accurate judgements. Job evaluation is not an exact science but it is a systematic way of avoiding several anomalies in wages. Discuss the advantages and disadvantages of the point method of job evaluation. (viii) It also helps to redesign the jobs by reallocating the easy and difficult tasks equally among various jobs. You consent to our cookies if you continue to use our website. Mostly they overlap. Job evaluation is not well suited to determine the relative worth of managerial jobs. The system considers the key factors independent of others which is not so in reality. $("span.current-site").html("SHRM China "); You have successfully saved this page as a bookmark. Compare the factor ranking of each job with its monetary ranking. Merits - The points rating has several advantages. It simplifies wage administration by bringing about uniformity in wage rates. The point method is a superior and widely used method of evaluating jobs. However, others may not and tend to be confused about self-evaluation. The disadvantages include the complexity and difficulty . The factors and degrees are weighted or assigned points. 3rd: scale the factors. 4. Top 10 Benefits of Human Resource Planning - Five Cowries Creek, Human Resource Planning: Objective, Benefits, Importance, HRP Process, Best 23 Best Definition Of Management - Edu Learn Tip, What is Management? The process of job rating is to some extent, inexact because some of the factors and degrees cannot be measured with accuracy. Two or more variables considered to be related, in a statistical context, if their values change so that as Cellular respiration is a process that all living things use to convert glucose into energy.
syringe method venipuncture advantages and disadvantages
info@cappelectric.com
713.681.7339