Internal Consistency
Discussion Question 1:
Determine how job analysis and job evaluation could be used at Customers First to develop an internally consistent compensation system.
Discussion Question 2:
Compensation Considerations“ Please respond to the following:
Determine the best way to leverage compensation surveys to set the level of compensation for your current (or future) job position. Provide specific examples to support your response.
Answer to question 1 part 2, please paraphrase it completely.
•Determine whether or not you agree with Joan’s view on job analysis and job evaluation. Explain your rationale. I do not agree with Joan’s view on job analysis and job evaluation. It is not productive, nor fair to have multiple employees within the same line of business with significantly different salaries. This will definitely result in high turnover rates for Customers First. High turnover has a direct impact on the company’s revenue and profitability. According to “Organization Science” magazine, the estimated cost of a lost employee earning $8 per hour can range from $3,500 to $25,000. This dollar amount includes hiring expenses, training labor, lost sales and productivity. Although the process of an analysis and evaluation may be time consuming an expensive, in the long wrong it is in the best interest of the company.
Answer Preview
I do not agree with Joan’s job analysis and evaluation view, this is because according to her, a company will be able to make a lot of revenues when the have employees in the same department doing same job but being paid different salaries. Although this may lead to a higher employee’s turnover at some point employees receiving a lower wage may feel treated unfairly…
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