advantages and disadvantages of point method of job evaluation

(7) Job evaluation is no answer to all wage problems: It does not offer any answer to wage problems because it says nothing about the absolute size of wage differentials appropriate to the evaluated job structure. It tends to be flexible because it does not place proper emphasis on the wage-rates in the industry as a whole. The point method is an extension are the factor comparison method. Theres still an element of judgement required with point-factor job evaluation which impacts on true objectivity. It can also be applied to new jobs created in the organisation. Certain methods of job evaluation are not easy to understand. It is expensive and a lot of clerical work is involved. (iv) It provides a clear basis for union-management negotiations concerning internal wage structures and differentials. vii. The Point-Factor Method 4. Marketing Management This method is simple to operate and understand, for it does not take much time or require technical help. Point Limitations The evaluator must be familiar with each job to accurately assign a point value to each compensable factor. Advantages and disadvantages of point method of job evaluation . To conclude, we can say that job evaluation is not an exact science but it is a systematic way of avoiding several anomalies in wages. Thus, workers usually have fear that the job evaluation method will eliminate collective bargaining. 1. ANSWER : The advantages of this system include a high degree of precision . (vi) Since all job evaluation lean heavily on job analysis and job descriptions the information thus obtained may be used for the improvement of selection, transfer and promotion procedures on the basis of comparative job requirements and it may thus help management of an organization to make more efficient utilization of its work force. Job evaluation is based on the assumption that wage rates can be related to the work of a given job. Image Guidelines 4. Job evaluation is a logical and, to some extent, an objective method of ranking jobs relative to one another. Since it is not possible to measure all the factors accurately, it cannot be as scientific and precise as claimed. These cookies ensure basic functionalities and security features of the website, anonymously. It provides a basis for wage revision and negotiation with trade unions. Which of the following is not a standard mounting dimension for an electric motor? Uploader Agreement. 3. It is a very costly method for job evaluation. The job grading method is slightly different from the ranking method because the grading method uses scale whereas in the rank method there is no involvement of the job. else if(currentUrl.indexOf("/about-shrm/pages/shrm-mena.aspx") > -1) { With more immigrants coming in, it allows for a more diverse . External point evaluations for common jobs are widely available. It is helpful in logical ranking of job and determining its worth. Analytical cookies are used to understand how visitors interact with the website. Hence, it makes recruitment and selection easier. . When I just opened a new WSL2 Ubuntu 20.04 terminal and ran code . What is an advantage of using the point factor method in job evaluation It simplifies wage administration by bringing about uniformity in wage rates. Production and Operation Management Put simply, the value of a job is judged based on the requirements of the core duties, tasks and generally labor involved. vii. Does not require any technical skill to perform this method. Job evaluation is the basis for determination of wages and salary for employees. 3. (iii) Employee grievances, doubts and complaints would be at the lower ebb as it is a systematic and objective method of wage fixation. v. It provides a means of justification for different rates of pay for different jobs. SUGGESTIONS FOR PREPARING SPEAKING NOTES While several of these reminders might strike you as obvious, speakers often ignore them when preparing to speak. ii. Many researches show that the factors used may not independently be valued at all. Job evaluation its methods and advantages & dis-advatages - SlideShare Thus, all jobs are compared to each other on the basis of key job factors that are present in all jobs. Job Evaluation (JE) - Concept, Steps, Objectives, Features, Advantages select one: Which set of characteristics will produce the smallest value for the estimated standard error? (i) It is a logical and to a certain extent an objective method of ranking and grading the jobs. When demand is identified, the HR department can easily match the job requirement with new employees. The point rating method is the most sophisticated and widely used method in business organizations. Job Evaluation - SHRM $(document).ready(function () { Job Evaluation: Point Method - HR-Guide Job evaluation is not only limited to deciding the salary or wages of the employee but today it also helps in improving performance, to avoid discrepancies and efficiency in work. 3. Copyright 10. There is more dependency on internal standards and assessment of wage rate fixation. Consequently, the weights assigned to the factors are also less accurate. No training is required to implement this system. In the words of Netherlands Committee of Experts on job evaluation, job evaluation is a method which helps to establish a justified rank order of jobs as a whole being a foundation for the setting of waves. Advantage. The following are some serious disadvantage in job evaluation technique: (1) It is a systematic and not a scientific technique: In rewarding the job, it lacks scientific precision because all factors cannot be measured accurately. Advantages & Disadvantages of Employee Ranking Tools d. Too wide a range of factors is assumed and too many degrees are defined. When job evaluation is applied for the first time in any organisation, it creates doubts and often fears in the minds of those whose jobs are being evaluated. The same point is assigned to each factor and the total number of points indicates the jobs ranking. The total score shows the value of the position. 4. See Answer Show transcribed image text Expert Answer 100% (1 rating) Solution. It helps in merit-rating, selection, training, improvement of working conditions, work simplification and fixation of incentive pay for workers. Point Rating Method of Job Evaluation - MBA Knowledge Base var currentLocation = getCookie("SHRM_Core_CurrentUser_LocationID"); ANS: The advantages of this system include a high degree of precision in measuring jobs; it's easy to apply with consistency; it provides an ordering of jobs and relative value of each; and it allows jobs to be clustered in pay classes more easily. Sales Management The disadvantages include the complexity and difficulty . Build specialized knowledge and expand your influence by earning a SHRM Specialty Credential. In todays corporate world the significance of job evaluation becomes very higher. You can specify conditions of storing and accessing cookies in your browser, Advantages and disadvantages of point method of job evaluation, Who is the number one travel agents in Bihar?, Future suggestions for e commerce's company, Clarity of role is not a part of the organising function of management, The key element that are involved in entrepreneurship are, What rules should be followed by a telephone operator before transferring a call. 6) Helps in Analysis of Company: It acts as an important technique for organisational analysis and recognising the gaps or overlaps in the duties and responsibilities. g. Since workers who feel that they are paid on the basis of merit will tend to be happier and more productive than those who have reason to argue the wage scale, more job evaluation is needed but it should be a better job evaluation and might be made better if common-sense and a due regard for the scientific method were followed. 1) Ranking - fast, simple, easy to explain but it is cumbersome as # of jobs increases, basis for comparisons is not called out 2) Classification - can group a wide range of work together in one system, but descriptions may leave too much room for manipulation

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