Question: Developing a Job Evaluation Worksheet You are tasked with developing a job evaluation worksheet, similar to Table 6-9 (page 139) in Martocchio. The purpose of
Developing a Job Evaluation Worksheet
You are tasked with developing a job evaluation worksheet, similar to Table 6-9 (page 139) in Martocchio. The purpose of this worksheet is to help compensation analysts assign point values to different jobs in the firm. Using these point values, you can determine which jobs are worth more than others. What do you use these points for? In Chapter 7, you will see that point values are helpful in ensuring that jobs are competitive with the market.
Assume that you will allocate 1,000 points total. The factors you would need to consider are:
Skills:
Experience
Education
Responsibility:
Supervisory
Budget
Complexity of duties
Independent decision making
Using initiative
Consequences of mistakes
The compensation committee decided to use the following weight scheme:
Skills: 25%
Responsibility: 15%
Complexity of duties: 55%
Consequences of mistakes: 5%
Create the job evaluation worksheet, assuming 5 levels for each compensable factor. Your task is to allocate point values into the shaded cells.
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| Compensable Factor | 1 | 2 | 3 | 4 | 5 |
| Skills |
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| Experience |
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| Education |
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| Responsibility |
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| Supervisory |
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| Budget |
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| Complexity of duties |
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| Independence |
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| Initiative |
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| Consequences of mistakes |
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After you create the worksheet above, calculate the total points for someone who is level 5 in experience and education, level 4 in supervisory and budget responsibility, level 3 in independence and initiative, and level 2 in consequences of mistakes.
***Ideally, the system would have clear descriptions for what each level means. For example, education may range from 1 = no degree to 5 = graduate degree. For this activity, you do not need to define levels.
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To develop the job evaluation worksheet we will allocate points based on the given weight scheme for each compensable factor while ensuring the total ... View full answer
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