A basic premise of a market-based economy is that each individual has the opportunity – through education, experience, hard, work, etc. – to improve his or her job earning potential. As a result, some employees may enjoy greater earnings than their colleagues. Assess how an organization can create a fair, market-competitive compensation system that provides greater rewards for those who earn it, yet is viewed as fair and equitable by the organization. Job Descriptions——-
The job description is often referred to as the building block of human resources. Nearly every employment action – recruitment, compensation, discipline, etc. – is predicated on an effective job description.
Today, there is considerable debate whether job descriptions should be broader and more generic, versus narrow and more specific. Distinguish between the advantages and disadvantages of each approach, and which you see as the more preferable approach.
Discussion 2——————Job Evaluation Methods
There are two general types of job evaluation methods: those that investigate the job as a whole and those that investigate the job from a variety of components. Choosing one job evaluation method, examine how that method would be the preferable approach to attain comparable worth throughout the organization, and where it would not be the preferable approach. Survey Preparation
Surveys are an important tool to assess the competitive forces in the marketplace regarding pay practices. The most critical step in the survey process is obtaining the proper job match. For an organization you are familiar with, identify a position that would be the match to utilize in your survey, including a brief discussion on the limitations of using this position to determine your organization’s overall salary competitiveness in the market. .