Abstract Views :350 |
PDF Views:1
Authors
Affiliations
1 Indian Institute of Management, Ahmedabad, IN
2 Indian Institute of Management, Kozhikode, IN
3 Indian Institute of Management, Indore, IN
4 XLRI-Xavier School of Management, Jamshedpur, IN
Source
Indian Journal of Industrial Relations: Economics & Social Dev., Vol 53, No 4 (2018), Pagination: 711-716
Abstract
Comparable worth of jobs is very critical while taking compensation related decisions in any organization. Ascertaining the comparable worth of different jobs having varied levels of responsibility, decision-making, etc. is very challenging for any organization. However, it cannot be ignored if equity and justice has to be maintained to ensure employee trust and engagement. Organizations evaluate the comparable worth of jobs by utilizing tools that are based on methods such as job ranking, job classification, factor comparison and job points. The job point method of evaluation of comparable worth is considered to be one of the most trusted methods as it is devoid of subjectivity.
References
- Singh, M., Varkkey, B., Maheshwari, S. K., Agarwal, P., Sohani, S. S., Pandey, J. & Jha, J. (2015), A Study for Comparing Salaries/ Emoluments in the Government Sector vis-a-vis Central Public Sector Undertakings/ Private Sector in India (Study Commissioned by the Seventh Central Pay Commission constituted by the Government of India).
