But the methods under the second category use a detailed approach. Reference this Share this: Facebook Twitter Reddit LinkedIn WhatsApp Human resource management (HRM) is the strategic and coherent approach to the management of an organization’s most valued assets – the people working there who individually and … Pur… Strauss observed, “Seemingly irrational decisions that are consistent with each other may be better than more rational decisions that are inconsistent”. (ii) The system merely produces a job order and does not indicate to what extent it is more important than the one below it. In this process the aspects like job titles, job descriptions and job specifications are important. In the ranking method of job evaluation, a whole job is compared with others and rank is provided on the basis of this comparison. The training methods in HRM are selected based on following three components 1. When the various factors, on which each job can be rated (each factor can be broken down into a number of degrees and each degree is worth specific points) are listed together it becomes a manual. (4) If many rates are used, considerable clerical work is entailed in recording and summarising the rating scales. The job is treated as a whole, and job descriptions rather than job specifications are often utilised. Copyright 10. Evaluation of human resources management. Essays, Research Papers and Articles on Business Management, Methods of Job Evaluation | Personnel Management, Job Evaluation: Objectives, Principles and Methods of Job Evaluation, Term Paper on Job Evaluation | Organisation | Management, Methods of Job Evaluation | Hindi | Human Resource Management, Essay on Depositories | Securities | Financial Management, Advantages and Disadvantages of Franchising. Point-Ranking Method: Under this method, each job’s key factor is identified and then the subfactors are determined. Final rankings may be done by majority vote or averaging the rankings of raters. (e) Evaluate the job in question factor by factor in relation to key jobs on job comparison scale. Ranking method is suitable for organisation of relatively smaller size. The evaluation of job under this method consists of following steps: (a) Select the factors and define them clearly. (iii) It is far less expensive to put into effect than other systems, and requires little effort for maintenance. (vii) Definitions are written in terms applicable to the type of jobs being evaluated, and these can be understood by all. Distinguishing differences among jobs may be overlooked or forgotten. He has identified four major job factors viz., skill, and responsibility, effort and working conditions. 2. Prohibited Content 3. (iv) It gives us a numerical basis for wage differentials; by analysis a job by factors it is usually possible to obtain a high measure of agreement on job value. Much subjective judgement is required to determine the relations and position of job, in the rank order. Which of these do you feel is most useful and why? Each job specific is rated using the job evaluation instrument and the points for each factor are summed to form a total point score for the particular job. About 10 to 20 jobs are selected, which include all the major departments and functions and cover all the grades. These factors are assumed to be constant for each set of jobs. These factors are assumed to be constant for each set of jobs. In necessitates proper evaluation of every job. Some of the methods of job evaluation are not easily understood by workers. c) Evaluation criteria Why is it important to know how well HR works? If it is qualitative, then what will be better- Ranking Method or Grading Method. The two most common methods of job evaluation that have been used are first, whole job ranking, where jobs are taken as a whole and ranked against each other. General grade descriptions are written for each job classification, and finally these are used as a standard for assigning all the other jobs to a particular pay scale. Qualitative Methods of Job Evaluation: Evaluation of a thing can be done by keeping in view the qualitative as well quantitative aspects. In this method, the overall job is compared with the other set of jobs and then is given a rank on the basis of its content and complexity in performing it. Method of Job Evaluation – 4 Main Methods (With Comparison) The four major methods of job evaluation are listed below: 1. (iii) Prejudice and human judgment are minimised, i.e., the system cannot be easily manipulated. Pricing the jobs can be done by any of the methods of job- evaluation taking into consideration the internal and external consistencies. Of training methods within the organization better- ranking method and ( ii it... The values for which an employer pays money ” has different levels or grades of jobs is! 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