Indian Journal of Industrial Relations: Economics & Social Dev.

Shrihari S. Sohani ¹

Affiliations
1 Personnel & Industrial Relations Area, Indian Institute of Management, Ahmedabad 380015, IN

Abstract

The author brings forth here the changes that were evident in the macroeconomic conditions of the country in the preceding decade and how they affected organizational actors. It was found that such changes had a profound impact on the human resource management practices of the firms as well as on the industrial relations climate of the country. Work arrangements have evolved drastically in the past ten years and have challenged the existing norms within the firm and also brought the industrial relations climate under strain. The article traces how different human resource practices have changed to adapt to the dynamic exogenous environment.

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Manjari Singh ¹, Jatin Pandey ², Shrihari S. Sohani ³, Jatinder Jha ⁴, Biju Varkkey ¹

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

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.

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