7. (i) State the factors that are generally selected in point-system method of j

Question

7. (i) State the factors that are generally selected in point-system method of job evaluation plan (R). What is the purpose of job evaluation? Explain concept of job analysis in the context of job evaluation (R).

(ii) Why is the point-system method preferred over other methods of job evaluation plan (R)?

(iii) Why standard hour plan is most commonly used in direct financial plan, compared to piecework and measured day work (R)?

(iv) State the reasons for installing a wage incentive plan in a company? What are the reasons for wage incentive plan failures (R)?

(v) Explain the characteristics of the following direct financial plans: (a) piece work, (b) standard hour plan, and (c) measured day work. Which incentive plan is most commonly used in industry, and why (R)?

(vi) What are the principal benefits of a properly installed job evaluation plan (R)?

(vii) What are the common methods used for job evaluation? Explain briefly (R)?

(viii) What are the principle negative consideration that should be understood prior to the installation of a point job evaluation plan (R)?

Explanation / Answer

7-i- In the point-system method of job evaluation, the appropriate authority consider the factors like Skill- Experience, Education, Ability, Responsibility- Fiscal and Supervisory, Effort-Mental and Physical and Working condition-Locations, Hazards and Extreme Environment for making job evaluation plan. The purpose of job evaluation is to assess the job on which scale and degree it will fit in the organization. Salary and level is decided after doing job evaluation. Job analysis is detrmination of requisition of the job and whom and how to fill the position. It also deals with overall job description and functional apsect of the job.

ii- In point-system, each factors are assigned points and jobs are arranged according to the overall points it accrued.

iii-In most of the job it is difficult to ascertain piece of a work and rate to be provided for that work. Piece rate system can be best fit for manufacturing organization where output can be quntify and in those jobs of service sectors where piece can be measured like teaching, content writting, barber, lawyers etc. To make the process simple standard hour plan is commonly used by most organization.

iv- Wage incentive plan is installed in the system to motivate the employees and make them more productive. We know that apart from other factors money is the most motivating factor for any employee to do a job. This plan failure because to achieve the incentive structure employees forget to mention quality and some employee do not perform upto their potential when they get to know that they won't achieve the incentive level.

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