Problem: Designing a Job Evaluation System
In your text, you learned that one of the first steps in designing a fair system of compensation is to determine the worth of a series of jobs. With the point method, each job must be evaluated on a series of dimensions called compensable factors. As discussed in your text, the nature of these factors varies from system to system.
It is the purpose of this exercise to provide you with a chance to think about the types of factors that make certain jobs worth more than others. Use the information in your text to design a compensation system that is based on the factors that you believe should determine the worth of a job. For this exercise:
Develop your list of compensable factors (e.g. responsibility, education). Most compensation systems contain between five and ten compensable factors.