Submitted To:-Prof Ranjeet mukeerji Submitted by :- Pankaj yadav 13mba158

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Job evaluation can be defined as a systematic procedure designed to aid in establishing pay differentials among jobs1

Ranking Ranking simply orders the job descriptions from smallest to largest based on the evaluators perception of relative value or contribution to the organizations success.

Job descriptions are slotted into a series of classes that cover the range of jobs. Each class has a definition. These definitions are the standards against which the jobs are compared

Jobs are compared against other jobs on the basis of how much of some desired factor they possess.Each jobs factors are ranked against each other jobs factors.The market pay rate for each job is then allocated among the factors based upon a market pay rate scale.

These systems have three common characteristics:Compensable elementsFactor degrees are numerically scaledWeights reflecting the relative importance of each factorCompensable elements are those characteristics in the job (not the person) that the organization values, that help it pursue its strategy and achieve its objectives.3

Officially known as the Hay Guide Chart-Profile Method of Job Evaluation, this system utilizes three factors to arrive at a jobs evaluation. The jobs content is the sole basis for the job evaluation.

Know-HowProblem SolvingAccountability

KNOW-HOW The sum total of every kind of skill, however acquired, needed for acceptable job performance.

KNOW-HOWThis sum total which comprises the overall fund of knowledge has three dimensions the requirements for:Practical procedures, specialized techniques, and learned disciplines.Active, practicing skills in the area of human relationships.

KNOW-HOWKnow-how of integrating and harmonizing the diversified functions involved in managerial situations (operating, supporting, and administrative). This know-how may be exercised consultatively as well as executively and involves in some combination the areas of organizing, planning, executing, controlling, and evaluating.

PROBLEM SOLVING The original self starting thinking required by the job for analyzing, evaluating, creating, reasoning, arriving at and making conclusions. To the extent that thinking is circumscribed by standards, covered by precedents, or referred to others, problem solving is diminished and the emphasis correspondingly is on know-how.

PROBLEM SOLVING Problem solving has two dimensions:The environment in which the thinking takes place.The challenge presented by the thinking to be done.

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