Question

In at least 500 of your own words, what are internally consistent compensation systems? Next, what is the importance of job analysis and evaluation? Finally, how do analysis and evaluation relate to internally consistent compensation systems? Also please state sources (in text citations and references)

Answer 1

Here are discussed about internally consistent compensation systems. And also job evaluation and job analysis. All facts about job analysis and evaluation relate to internally consistent compensation systems are detailed below.

. Internally consistent compensation systems:

Compensation system in a company should be fair among all workers. Company should give equal pay for equal work. And give extra pay for over workload among the workers. Company should give motivation for the workers in form of support, bonus, allevance, etc. Compensation system of a company always an important factor for every workers. It gives the workers an extra energy and boost up for their entire work in the company.

. Job analysis and Job evaluation:

'Job analysis' is the process of collecting information about the job. And looking the duties, responsibilities for that job. And analyse the workers in terms of knowledge , skills, etc . Job analysis have important role in compensation, selection, analysing training and development etc. Job analysis involves job description, job specification.

The importance of job analysis is as follows:

.job analysis is not only for hiring process. But also for training and their placement.

.job analysis is for analysing the salary, wages etc and evaluate the job, performance appraisal etc.

. Job analysis helps to identify the interest , knowledge ,skills etc.

.job analysis helps to organising the activities, organisational planning etc.

'Job evaluation' is the process of systematical determination of job in relation to all jobs in an organization. Job evaluation means to evaluate the job by identifying the pros and cons of it. Job evaluation includes quantitative methods and qualitative methods.

Importance of job evaluation are as follows,

. This gives employers direction and evaluate the range for pay.

. This helps to gives consistent compensation to the employees.

. Job evaluation helps the employees job in terms of specification of the person in terms of education, working condition etc.

. Job analysis and evaluation are related to internally consistent compensation systems :

• Job analysis are done by analysing the facts of compensation systems such as salary, wage etc. compensation systems helps to analyse the work structure of job in the organisation. both of them are done by understanding the compensation factors. Compensation also done by evaluating the skills, knowledge, working condition, specification etc. These skills, knowledge and other factors helps to determine the compensation . The pay for every work is based on the evaluation and analysis of job. So job analysis and evaluation are related to internally consistent compensation systems.