Question

In: Economics

Consider a University. If you were to develop compensable factors for this institution to evaluate jobs,...

Consider a University. If you were to develop compensable factors for this institution to evaluate jobs, would you use one job evaluation plan or multiple plans? Why? What would your considerations be?
Should the University's mission be reflected in your factor? If yes, how would you do that? Are there ways that reflection might be more or less appropriate for the University's jobs?
How would employees react to this process ?

Solutions

Expert Solution

Answer : it is better for the institution to choose multiple plans to develop compensable factors to evaluate jobs. it is better to choose mutiple plans because to evaluate job it is very necessary to analyse the job structure , to find out the nature of job that will be provided according to their skill and also to choose salary structure. it is very necessary to evaluate every aspects of jobs. it is useful to choose multiple plan because basically it work for large organisation. There are many things that a organisation is paying for. And accordingly pay different individual different salary. organisation have different job evaluation method for different kind of jobs suppose for clerks there will be different salary structure according to their work. compensable factors include experience level, qualification, responsibility etc. according to me any institute which are paying according to skill then they should use multiple plans. There are many factors which will help organisation to evaluate the skill , tendency of the employees and to choose their salary structure .


Related Solutions

What is a compensable factor? How do you know compensable from noncompensable factors? (Hint: Consider how...
What is a compensable factor? How do you know compensable from noncompensable factors? (Hint: Consider how you would assign weights to potential compensable factors.) Why is this distinction important?
Evaluate the key factors that you would consider when developing the components of your health insurance...
Evaluate the key factors that you would consider when developing the components of your health insurance coverage.
Explain what factors you would have to consider if you were doing amplifier matching on transmit...
Explain what factors you would have to consider if you were doing amplifier matching on transmit modules for a radar system with an active electronically scanned array (AESA).
a. Briefly evaluate the four factors to consider in choosing a legal structure for your business...
a. Briefly evaluate the four factors to consider in choosing a legal structure for your business b. Business is defined as an ORGANISED and PURPOSEFUL human activity designed to CREATE VALUE for others and is intended to continue to provide such value overtime as going concern. Discuss c. With examples, very briefly differentiate between opportunity versus Necessity Entrepreneurship d. very briefly discuss how you would evaluate a business opportunity
If you were creating a compliance plan for a University healthcare system.
If you were creating a compliance plan for a University healthcare system.Describe the benefits of having a standardized HIPAA compliance plan for the company.
Suppose you have to develop a portfolio for your client, what factors you will keep in...
Suppose you have to develop a portfolio for your client, what factors you will keep in mind while developing that portfolio. Discuss in the light of separation property. assume risk and other factor at your own
Think of the university where you are studying and answer the following: If you were asked...
Think of the university where you are studying and answer the following: If you were asked to identify 2 key financial performance measures and 4 non-financial performance measures which need to be monitored, what would they be, and why?   
IHE Profiles If you are working in the IS department and were asked to develop interoperability...
IHE Profiles If you are working in the IS department and were asked to develop interoperability between two applications, why might you want to use IHE profiles? Have you had any situations where you had been asked to help with an interoperability initiative and wondered how you would start - this can be a situation in healthcare or not, IT or not. How did you get started?
Assume that you were hired as a cost accountant to develop a plan to implement the...
Assume that you were hired as a cost accountant to develop a plan to implement the Activity Based Costing system for one of these service organizations. Use a service company or government agency with a name that begins with the letter "T". Present an ABC system development plan, including detailed steps needed to effectively implement the system. Include a brief background on the organization’s main activities and services provided and your opinion on whether there will be any limitation on...
Consider the relationship you currently have with your current bank or financial institution. Identify 4 the...
Consider the relationship you currently have with your current bank or financial institution. Identify 4 the benefits to the bank of keeping you as a customer? Identify and explain 4 potential switching barriers that prevent you from changing to another financial institution Explain the factors you would take into consideration to calculate your ‘lifetime’ value to the bank
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT