Question: Why is job evaluation important for compensation management?

Why job evaluation is important?

Job evaluation is a valuable technique by which a more rational and consistent wages and salary structure can be evolved. As it eliminates wage inequalities within the organization so it helps in maintaining harmonious relationship between labour and management.

What is the role of job evaluation in giving compensation?

Job Evaluation involves determination of relative worth of each job for the purpose of establishing wage and salary differentials. … Job Evaluation helps to determine wages and salary grades for all jobs. Employees need to be compensated depending on the grades of jobs they perform.

What is the main objective of job evaluation?

The main objective of job evaluation is to determine relative worth of different jobs in an organisation to serve as a basis for developing equitable salary structure.

What is the use of job evaluation in management?

Job evaluation is the systematic process of determining the relative value of different jobs in an organization. The goal of job evaluation is to compare jobs with each other in order to create a pay structure that is fair, equitable, and consistent for everyone.

IT IS IMPORTANT:  What type of noun is up?

How can a job evaluation Programme be made more effective?

The management’s aim in relation to the job evaluation programme should be made clear to all those concerned. There should not be any hidden agenda. 4. All the relevant internal and external factors should be taken into account before arriving at the final shape of the programme.

What are the three main purposes of conducting a job evaluation?

Job evaluation helps following purposes:

(1) It helps in devising an acceptable wage, (2) It helps in proper placement of workers in job. ADVERTISEMENTS: (3) It helps the personnel department to recruit the right person for a job since requirement of each job are clearly indicated.

What is the meaning of job evaluation What is the objectives and advantages?

Job evaluation is determining the comparative worth of various jobs. After determining the relative worth of jobs, they are priced i.e. wages and salaries are fixed. This enables to minimize inequalities. Job evaluation plays a prime role in establishing the pay structure. It rates the job alone.

What does job evaluation seek?

A job evaluation is a systematic way of determining the value/worth of a job in relation to other jobs in an organization. It tries to make a systematic comparison between jobs to assess their relative worth for the purpose of establishing a rational pay structure.