B Com Exam > B Com Notes > Contemporary Management > Job Evaluation - Job Analysis and Evaluation, Contemporary Management
Job Evaluation - Job Analysis and Evaluation, Contemporary Management | Contemporary Management - B Com PDF Download
Job evaluation is a process of determining the relative worth of a job. It is a process which is helpful even for framing compensation plans by the personnel manager. Job evaluation as a process is advantageous to a company in many way:
- Reduction in inequalities in salary structure - It is found that people and their motivation is dependent upon how well they are being paid. Therefore the main objective of job evaluation is to have external and internal consistency in salary structure so that inequalities in salaries are reduced.
- Specialization - Because of division of labour and thereby specialization, a large number of enterprises have got hundred jobs and many employees to perform them. Therefore, an attempt should be made to define a job and thereby fix salaries for it. This is possible only through job evaluation.
- Helps in selection of employees - The job evaluation information can be helpful at the time of selection of candidates. The factors that are determined for job evaluation can be taken into account while selecting the employees.
- Harmonious relationship between employees and manager - Through job evaluation, harmonious and congenial relations can be maintained between employees and management, so that all kinds of salaries controversies can be minimized.
- Standardization - The process of determining the salary differentials for different jobs become standardized through job evaluation. This helps in bringing uniformity into salary structure.
- Relevance of new jobs - Through job evaluation, one can understand the relative value of new jobs in a concern.
According to Kimball and Kimball,“ Job evaluation represents an effort to determine the relative value of every job in a plant and to determine what the fair basic wage for such a job should be.”
Thus, job evaluation is different from performance appraisal. In job evaluation, worth of a job is calculated while in performance appraisal, the worth of employee is rated.
The document Job Evaluation - Job Analysis and Evaluation, Contemporary Management | Contemporary Management - B Com is a part of the B Com Course Contemporary Management.
All you need of B Com at this link: B Com
|
52 videos|42 docs|12 tests
|
FAQs on Job Evaluation - Job Analysis and Evaluation, Contemporary Management - Contemporary Management - B Com
| 1. What is job evaluation? |  |
Job evaluation is a systematic process used by organizations to determine the relative worth of different jobs within the organization. It involves analyzing and assessing various aspects of a job, such as the skills required, the level of responsibility, and the complexity of tasks, in order to establish a fair and consistent method of comparing and ranking jobs within the organization.
| 2. What is the difference between job analysis and job evaluation? | |
Job analysis is the process of gathering and analyzing information about the tasks, responsibilities, and requirements of a particular job. It focuses on identifying the knowledge, skills, and abilities needed to perform the job effectively. On the other hand, job evaluation is the process of assessing the relative value or worth of different jobs within an organization. It involves comparing jobs based on factors such as the level of responsibility, skills required, and the complexity of tasks.
| 3. Why is job evaluation important in contemporary management? | |
Job evaluation plays a crucial role in contemporary management for several reasons. Firstly, it helps organizations establish a fair and equitable compensation system by determining the relative value of different jobs. This ensures that employees are compensated fairly based on the complexity and demands of their roles. Secondly, job evaluation provides a basis for internal job alignment and organizational structure by identifying the hierarchy of jobs within the organization. This helps in designing effective career paths and promoting internal equity. Lastly, job evaluation assists in identifying skill gaps and areas for development within the organization by highlighting the specific knowledge, skills, and abilities required for different jobs.
| 4. What are the common methods used for job evaluation? | |
There are several methods used for job evaluation, but some of the commonly used ones include the point factor method, ranking method, and classification method.
- The point factor method involves assigning points to different job factors such as skill level, responsibility, and working conditions. The total points assigned to a job determine its relative value within the organization.
- The ranking method involves comparing jobs based on their overall worth and ranking them from highest to lowest or vice versa. This method is often used in smaller organizations where the number of jobs is limited.
- The classification method involves grouping jobs into predetermined job classes or grades based on the overall value and requirements of the job. This method is commonly used in public sector organizations.
| 5. How does job evaluation contribute to employee motivation and engagement? | |
Job evaluation can contribute to employee motivation and engagement by ensuring that employees feel their work is valued and recognized. When employees perceive that their jobs are fairly evaluated and compensated, it can enhance their satisfaction and motivation to perform well. Moreover, job evaluation provides a clear understanding of the skills and competencies required for different jobs, allowing employees to see a path for growth and development within the organization. This can increase their engagement and commitment to their work, as they have a clear sense of how their efforts contribute to the overall success of the organization.
Related Exams
About this Document
|
4.95/5 Rating |
|
Dec 23, 2024 Last updated |
Document Description: Job Evaluation - Job Analysis and Evaluation, Contemporary Management for B Com 2024 is part of Contemporary Management preparation.
The notes and questions for Job Evaluation - Job Analysis and Evaluation, Contemporary Management have been prepared according to the B Com exam syllabus. Information about Job Evaluation - Job Analysis and Evaluation, Contemporary Management covers topics
like and Job Evaluation - Job Analysis and Evaluation, Contemporary Management Example, for B Com 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises and tests below for Job Evaluation - Job Analysis and Evaluation, Contemporary Management.
Introduction of Job Evaluation - Job Analysis and Evaluation, Contemporary Management in English is available as part of our Contemporary Management
for B Com & Job Evaluation - Job Analysis and Evaluation, Contemporary Management in Hindi for Contemporary Management course.
Download more important topics related with notes, lectures and mock test series for B Com
Exam by signing up for free. B Com: Job Evaluation - Job Analysis and Evaluation, Contemporary Management | Contemporary Management - B Com
Description
Full syllabus notes, lecture & questions for Job Evaluation - Job Analysis and Evaluation, Contemporary Management | Contemporary Management - B Com - B Com | Plus excerises question with solution to help you revise complete syllabus for Contemporary Management | Best notes, free PDF download
Information about Job Evaluation - Job Analysis and Evaluation, Contemporary Management
In this doc you can find the meaning of Job Evaluation - Job Analysis and Evaluation, Contemporary Management defined & explained in the simplest way possible. Besides explaining types of
Job Evaluation - Job Analysis and Evaluation, Contemporary Management theory, EduRev gives you an ample number of questions to practice Job Evaluation - Job Analysis and Evaluation, Contemporary Management tests, examples and also practice B Com
tests
|
Explore Courses for B Com exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
Contemporary Management | Contemporary Management - B Com
,Free
,video lectures
,MCQs
,Job Evaluation - Job Analysis and Evaluation
,Extra Questions
,past year papers
,mock tests for examination
,Exam
,Contemporary Management | Contemporary Management - B Com
,Objective type Questions
,Previous Year Questions with Solutions
,study material
,Viva Questions
,shortcuts and tricks
,Important questions
,Semester Notes
,ppt
,practice quizzes
,Contemporary Management | Contemporary Management - B Com
,Summary
,Job Evaluation - Job Analysis and Evaluation
,Sample Paper
,Job Evaluation - Job Analysis and Evaluation
;
Additional Information about Job Evaluation - Job Analysis and Evaluation, Contemporary Management for B Com Preparation
Job Evaluation - Job Analysis and Evaluation, Contemporary Management Free PDF Download
The Job Evaluation - Job Analysis and Evaluation, Contemporary Management is an invaluable resource that delves deep into the core of the B Com exam.
These study notes are curated by experts and cover all the essential topics and concepts, making your preparation more efficient and effective.
With the help of these notes, you can grasp complex subjects quickly, revise important points easily,
and reinforce your understanding of key concepts. The study notes are presented in a concise and easy-to-understand manner,
allowing you to optimize your learning process. Whether you're looking for best-recommended books, sample papers, study material,
or toppers' notes, this PDF has got you covered. Download the Job Evaluation - Job Analysis and Evaluation, Contemporary Management now and kickstart your journey towards success in the B Com exam.
Importance of Job Evaluation - Job Analysis and Evaluation, Contemporary Management
The importance of Job Evaluation - Job Analysis and Evaluation, Contemporary Management cannot be overstated, especially for B Com aspirants.
This document holds the key to success in the B Com exam.
It offers a detailed understanding of the concept, providing invaluable insights into the topic.
By knowing the concepts well in advance, students can plan their preparation effectively.
Utilize this indispensable guide for a well-rounded preparation and achieve your desired results.
Job Evaluation - Job Analysis and Evaluation, Contemporary Management Notes
Job Evaluation - Job Analysis and Evaluation, Contemporary Management Notes offer in-depth insights into the specific topic to help you master it with ease.
This comprehensive document covers all aspects related to Job Evaluation - Job Analysis and Evaluation, Contemporary Management.
It includes detailed information about the exam syllabus, recommended books, and study materials for a well-rounded preparation.
Practice papers and question papers enable you to assess your progress effectively.
Additionally, the paper analysis provides valuable tips for tackling the exam strategically.
Access to Toppers' notes gives you an edge in understanding complex concepts.
Whether you're a beginner or aiming for advanced proficiency, Job Evaluation - Job Analysis and Evaluation, Contemporary Management Notes on EduRev are your ultimate resource for success.
Job Evaluation - Job Analysis and Evaluation, Contemporary Management B Com Questions
The "Job Evaluation - Job Analysis and Evaluation, Contemporary Management B Com Questions" guide is a valuable resource for all aspiring students preparing for the
B Com exam. It focuses on providing a wide range of practice questions to help students gauge
their understanding of the exam topics. These questions cover the entire syllabus, ensuring comprehensive preparation.
The guide includes previous years' question papers for students to familiarize themselves with the exam's format and difficulty level.
Additionally, it offers subject-specific question banks, allowing students to focus on weak areas and improve their performance.
Study Job Evaluation - Job Analysis and Evaluation, Contemporary Management on the App
Students of B Com can study Job Evaluation - Job Analysis and Evaluation, Contemporary Management alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Job Evaluation - Job Analysis and Evaluation, Contemporary Management,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Job Evaluation - Job Analysis and Evaluation, Contemporary Management is prepared as per the latest B Com syllabus.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup