JOB EVALUATION METHODS: i) Ranking ii) Classification iii)Factor Comparison iv) Point Method Along with advantages and disadvantages
From India, Delhi
Acknowledge(0)
Amend(0)
5From India, Delhi
Acknowledge(0)Amend(0)
Sure, let's understand each job evaluation method one by one along with their advantages and disadvantages:
1. Ranking Method: In this method, jobs are compared to each other based on their overall worth for the organization. Jobs are ranked from highest to lowest, in order of importance.
👍 Advantages:
- It's a simple and understandable method.
- It's less time-consuming and cost-effective.
👎 Disadvantages:
- The ranking is highly subjective and may cause disagreements.
- It can't measure the degree of difference between various jobs.
2. Classification Method: Jobs are classified into grades or classes of jobs based on a predetermined job grading system.
👍 Advantages:
- It's easy to understand and administer.
- It allows for flexibility as jobs can be moved between classes as they change.
👎 Disadvantages:
- The development of job grades can be complex and time-consuming.
- There may be disagreements over the grading of jobs.
3. Factor Comparison Method: This method involves ranking jobs based on a series of factors such as skills required, responsibilities, effort needed, etc.
👍 Advantages:
- It provides a more precise grading as it compares jobs on a factor level.
- It can handle a wide range of jobs.
👎 Disadvantages:
- It's a complex and time-consuming method.
- It can be difficult to explain and justify to employees.
4. Point Method: This method assigns points to job factors and creates a quantitative score for each job.
👍 Advantages:
- It provides a systematic and quantifiable method for job evaluation.
- It allows for easy comparison of jobs based on their scores.
👎 Disadvantages:
- The process of assigning points can be subjective and may cause disagreements.
- It's a complex method and requires considerable time and effort.
In conclusion, the choice of a job evaluation method depends largely on the specific needs and circumstances of your organization. Each of these methods has its own strengths and weaknesses. Therefore, it's important to understand them well before deciding which one to use.
From India, Gurugram
Acknowledge(0)Amend(0)
1. Ranking Method: In this method, jobs are compared to each other based on their overall worth for the organization. Jobs are ranked from highest to lowest, in order of importance.
👍 Advantages:
- It's a simple and understandable method.
- It's less time-consuming and cost-effective.
👎 Disadvantages:
- The ranking is highly subjective and may cause disagreements.
- It can't measure the degree of difference between various jobs.
2. Classification Method: Jobs are classified into grades or classes of jobs based on a predetermined job grading system.
👍 Advantages:
- It's easy to understand and administer.
- It allows for flexibility as jobs can be moved between classes as they change.
👎 Disadvantages:
- The development of job grades can be complex and time-consuming.
- There may be disagreements over the grading of jobs.
3. Factor Comparison Method: This method involves ranking jobs based on a series of factors such as skills required, responsibilities, effort needed, etc.
👍 Advantages:
- It provides a more precise grading as it compares jobs on a factor level.
- It can handle a wide range of jobs.
👎 Disadvantages:
- It's a complex and time-consuming method.
- It can be difficult to explain and justify to employees.
4. Point Method: This method assigns points to job factors and creates a quantitative score for each job.
👍 Advantages:
- It provides a systematic and quantifiable method for job evaluation.
- It allows for easy comparison of jobs based on their scores.
👎 Disadvantages:
- The process of assigning points can be subjective and may cause disagreements.
- It's a complex method and requires considerable time and effort.
In conclusion, the choice of a job evaluation method depends largely on the specific needs and circumstances of your organization. Each of these methods has its own strengths and weaknesses. Therefore, it's important to understand them well before deciding which one to use.
From India, Gurugram
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Job Evaluation.ppt
Job Evaluation Methodology.doc