Rhetoric and Practice of Reward Management by Rosario Longo - HTML preview

PLEASE NOTE: This is an HTML preview only and some elements such as links or page numbers may be incorrect.
Download the book in PDF, ePub, Kindle for a complete version.

Part Two

FIXED REWARD

Section X – Rating and ranking jobs

Definition and scope of JE

194

Circumstances under which JE can reveal to be particularly useful

197

Inconveniences of the JE exercise

199

Identifying the reasons and the right scheme

201

Analytical schemes

206

Points or point-factor rating

206

Factor comparison

213

Job matching

213

Non-analytical schemes

214

Job ranking

215

Paired comparison

215

viii

Job classification

216

Internal benchmarking

216

Job analysis

216

Market pricing

219

Job levelling

223

Market forces

228

Reliability and validity of job evaluation

233

Felt-fair test

235

Section XI - Designing a pay system

Developing the architecture of a pay system

240

Narrow-graded pay systems

243

Broad-graded pay systems

247

Broad-banded pay systems

249

Job family and career family pay structures

262

Spot rates, spot salaries and pay rates

270

Individual pay, job and salary ranges or grades

272

Pay spines

272