Unit 6 Flashcards
Job analysis
Collecting information on which job descriptions are based
Job description
Summary of duties, responsibilities, and reporting relationships for a job
Job specifications
Employee qualifications necessary to perform the duties of the job
Ranking method
Relative values of different jobs determined by knowledgeable people
Paired comparison method
Every job is compared with every other job providing a basis for a ranking of jobs
Classification/grading method
The use of generic grade descriptions for various classes of jobs to assign pay grades to specific jobs
Factor comparison method
Assigns pay levels to jobs based on the extent to which they embody various job factors
Statistical/policy capturing method
Combines use of statistical methods and job questionnaires to derive job values based on prevailing external or internal pay rates
Point method
Establishes job values by applying points to each job based on compensable factors
Compensable factors
Characteristics of jobs that are valued by the organization and differentiate jobs from one another
Validity
The extent to which a measuring instrument actually measures what we intend it to
Reliability
The extent to which a measuring instrument consistently produces the same measurement results when measuring the same thing
Benchmark job
A job in the firms job evaluation system for which there is a good match in the labour market data
Market comparator job
A job in the market data that matches a benchmark job within the firms job evaluation system
Job-to-job method
Establishes pay equity by comparing a female job class to a male job class that is comparable in terms of job evaluation criteria
