Job Evaluation and Compensation Presentation

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Description

Determining the value of work is critical to setting pay rates. After the job analysis and writing the job description, the human resources compensation specialist determines the process to apply to perform the job evaluation and compensation.

Develop a presentation that addresses the following for setting a final pay range for a position:

  • Explain the factors used in job pricing.
  • What are compensable factors, and how are they applied in determining pay ranges?
  • Discuss the point and job content methods, and give an example of how each is applied in determining compensation.
  • What would you recommend an organization use to define compensation for a customer service representative?

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Explanation & Answer

Attached is the complete work along with its outline. Please feel free to ask for any corrections or clarifications. Thank you! 😊

PRICING AS A BASIS
FOR DETERMINING
VALUE OF WORK
NAME
COURSE
PROFESSOR
FEBRUARY 25, 2019

INTRODUCTION
• The value of work is any concept that promotes individual job satisfaction and at the
same time influences the individual’s focus and dedication at work (Zytowski, 1970).

• Pricing, in other words; wages/salaries, is one of the major factors that influence the value
of work.
• It is one of the main things considered when the recruitment process if being carried out.

• There are many factors that influence job pricing.

FACTORS INFLUENCING JOB PRI...


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