Problem 1: How do job evaluation and market pricing approaches to setting pay ranges differ? What are the strengths and drawbacks of each approach?
Problem 2: What is the push today in many organizations (for example, JCPenney) for pay to be determined by job accountabilities and results, not effort and tenure?
Problem 3: Formulate your research-based recommendations about whether or not the job evaluation approach is outdated.
Please use and cite at least 3 references.
Article to Read:
Donna R Graebner and Kevin A Seaward. "Bringing it All Inside: Job Evaluation and Market Pricing at JCPenny" Scottsdale: Aug 2004, Vol 47, Iss 8, pg 30-34.