Job evaluation provides a basis on which to ensure roles of similar importance to the business receive similar financial rewards. It is also often the basis on which market comparisons of pay rates are made.
Companies perform job evaluation to:
Determine what positions and job responsibilities are similar for purposes of pay, promotions, lateral moves, transfers, and other internal parity issues
Establish appropriate pay or salary grades
Help with the development of job descriptions, job specifications, performance standards, competencies, and the performance appraisal system
Assist with employee career paths and succession planning
Support the recruitment process by having job responsibilities that assist in the development of job postings, the assessment of applicant qualifications, suitable compensation and salary negotiation, and other factors related to recruiting employees
Our experience in job evaluation includes:
Evaluating jobs in the organization (knowledge, skills, judgment required, impact)
Benchmarking positions to salary survey sources such as Radford, Willis Towers Watson, Mercer, and Milliman
Developing and implementing standard or customized evaluation systems
Communicating to employees where their job fits in the organization relative to others
Our consultants will work with you to develop an efficient system for defining the responsibilities of each position and placing jobs into grades. By implementing a successful job evaluation, you can deliver a framework that is consistent, fair, transparent and credible.