Practicalities and Pitfalls -
Job Evaluation Inside Out
Job evaluation (“JE”) is a systematic process for deciding the relative value or size of jobs, including from organization within and alignment with the market. Similar to any asset valuation, JE takes the comparative method to weigh positions by a consistent methodology to figure out the relativity among them objectively.
There are ways of doing JE and the two main camps are non-analytical and analytical schemes. The latter is sophisticated and widely adopted not just because of its scientific nature, but also it enables accurate job comparison inside own organization as well as connecting to the outside world with those using a similar approach.