Question: Modifying a Job Evaluation Worksheet This chapter discusses the principles of internally consistent compensation systems and the practices that establish them The point method system

Modifying a Job Evaluation Worksheet This chapter
Modifying a Job Evaluation Worksheet This chapter discusses the principles of internally consistent compensation systems and the practices that establish them The point method system assigns point values to jobs based on the degree of compensable factors that define them. When job evaluation is conducted correctly. jobs with higher point totals will be valued (in terms of average market pay rates) more highly than jobs with lower point totals. The following list shows five jobs and each job's point total Job Title Job Evaluation Point Total Management trainee 200 points Assistant manager 310 points Associate manager 450 points Manager 525 points Senior manager 700 points Let's assume that the average market pay rate for the associate manager job is $55,000 and it is being used as the frame of reference for determining the rates for the remaining jobs on the list. (Hint Calculate the dollar value por job evaluation point to start) The typical pay rate for the following jobs (Round your answers to the nearest hundredths place.) M 32 (a) Management trainee (b) Assistant managers (c) Managers (d) Senior manager = S

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