Skip to Main Content
Strategic Compensation: A Human Resource Management Approach, 9/e
book

Strategic Compensation: A Human Resource Management Approach, 9/e

by Joseph J. Martocchio
January 2016
Intermediate to advanced content levelIntermediate to advanced
480 pages
20h 58m
English
Pearson
Content preview from Strategic Compensation: A Human Resource Management Approach, 9/e

Job Evaluation Techniques

  1. 4 Summarize various job evaluation techniques.

Compensation professionals categorize job evaluation methods as either market-based evaluation or job-content evaluation techniques. Market-based evaluation plans use market data to determine differences in job worth. Many companies choose market-based evaluation methods because they wish to assign job pay rates that are neither too low nor too high relative to the market. Setting pay rates too low will make it difficult to recruit talented candidates, whereas setting pay rates too high will result in an excessive cost burden for the employer. Compensation professionals rely on compensation surveys to determine prevailing pay rates of jobs in the relevant labor market. ...

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Human Resource Management 2e

Human Resource Management 2e

Pravin Durai
Strategic Management

Strategic Management

Cornelis A. de Kluyver, John A. Pearce
HR Strategies for Employee Engagement (Collection), Second Edition

HR Strategies for Employee Engagement (Collection), Second Edition

Wayne Cascio, John Boudreau, David Russo, Alison Davis, Jane Shannon

Publisher Resources

ISBN: 9780134320540