The document discusses compensation management and job evaluation. Compensation management involves establishing sound policies to provide monetary value to employees for their work and contributions. Job evaluation is a systematic way to determine the relative worth of jobs in an organization based on factors like qualifications, skills, and duties. It allows organizations to develop fair pay structures, settle wage disputes, and analyze training needs. Common methods of job evaluation include ranking, grading, point-factor analysis, and market comparisons.

1. COMPENSATION
MANAGEMENT
JOB EVALUATION

2. COMPENSATION MANAGEMENT
The establishment and implementation of sound policies, programmes and practices of employee
compensation that is concerned with the compensation for their work and contribution for
attaining organisational goals.
It is the act of providing monetary value to a worker which include salary, bonuses ,profit
sharing, travel ,house allowances, overtime pay, commission and medical benefit packages.
 In order to find , keep and motivate employees to do quality work.
Raise their performance levels.
Attracting quality employees.
 Focusing employees efforts
Retaining top performers.

3. JOB EVALUATION
A systematic way of determining the worth of a job in relation to other jobs in an enterprise. It
tries to make a systematic comparison between jobs to assess their relative worth for the purpose
of establishing a rational pay structure. Thus
 job evaluation is an assessment of various jobs on the basis of a consistent set of job and
personal factors, such as qualifications and skills required.
In simple language it is the rating of jobs in an organization.
It is also a comparative process.

4. ADVANTAGES OF JOB
EVALUATION
 sound wage policy
Settlement of wage disputes
Better control over labour costs
Building up of employee morale
Proper placement
Elimination of personal bias
To analyse training and development needs.

5. METHODS OF JOB EVALUATION
1) Ranking method
2) Grading /classification method
3) Point-factor method
4) Factor Comparison method
5) Competitive Market Analysis Method
To summarize, job evaluation is the process of explaining the duties ,authority ,relationship ,skills
,condition of work and other relevant information related to jobs. It provides valuable data and

6. Information to develop job description and specification documents through the following Job
evaluation programme-
Choose scheme
Plan the programme
Analysis jobs ( internal and external evaluation)
Design structure
Grade jobs
Development maintenance procedures
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