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How does pay influence labour force structure?
Dátum pridania: | 24.11.2003 | Oznámkuj: | 12345 |
Autor referátu: | sos | ||
Jazyk: | Počet slov: | 1 861 | |
Referát vhodný pre: | Stredná odborná škola | Počet A4: | 6.1 |
Priemerná známka: | 2.98 | Rýchle čítanie: | 10m 10s |
Pomalé čítanie: | 15m 15s |
The consequences of this increased interest for program study will be this: In 4-6 years there will more programmers then in these days so it would be not so difficult to find one to perform work that need this kind of education.
I think the same effect were able to see, when if we focus on economists and lawyers. Few years ago there was great demand for these kinds of professions. After several years the labour market starts to be saturated which has the influence on the pay levels of these professions. It was not so hard to find any lawyer or economist so the organizations may decrease the pay levels.
5. Job Evaluation
“Job evaluation is the determination of the relative worth of a particular job as compared to other jobs, which offers a way to approach the wage structure policy question.” There are several methods that can be used to in the bureaucratic organizations and one of them is point system.
5.1 Point system
“The point system attempts to develop a score (based on points assigned to different characteristics) for a job. This method can be used after job analyses, which tell us the common characteristics of the jobs.
These characteristics may be such things as amount of effort required, the level of education required, the pleasantness of working conditions, the amount of responsibility attached to the job and many others.
Each of these factors can be weighted differently, depending upon their differential importance.” After consideration we can set importance level to education from 1 to 5. As it is shown in exhibit 1. Exhibit 3.
Level of education required on the job Points assigned
Less than 3 years 1
3-10 years 3
10 or more years 5
If the job requires higher level of education then it would receive 5 evaluations points. If there was need for basic education then it would get 1 point.
“Once a list of factors common to jobs at a particular level has been developed, the extent of the combined factors for each job is determined. The score each job receives is then obtained and compared to others, which forms the basis for compensation level” For example a clerk typist’s job may have the score of 50 points while the supervisors one has the amount of 100 points. This simply means that supervisor’s job will have higher base salary than the clerk typist’s. After evaluating all jobs using this approach, we group them together into several “pay grades” on the basis of point similarity. For example jobs which have the score from 0-70 will be paid by $6 to $7 per hour. The hourly wage for jobs with score from 71-120 will be boarded by $8 and $10.
There are also other methods by which we can evaluate jobs.
Zdroje: Carroll, T. (1976). Management: Contingencies, Structure and Process. Chicago: St. Clair Press., Milkovich, T. G., & Newman, M. J. (1987). Compensation. Texas: BUSINESS PUBLICATIONS., BALKIN, D. B. & GOMEZ-MEJIA, L. R. (1987). New Perspectives on Compensation. Englewood Cliffs: Prentice-Hall.