Compensation Management

Compensation Management

  • Submitted By: wevon
  • Date Submitted: 06/26/2013 6:32 PM
  • Category: Business
  • Words: 751
  • Page: 4
  • Views: 186

Compensation Analysis Discussion 3

Discuss two importance of job analysis, job description, job specification and job evaluation to the establishment of an equitable compensation system

Job analysis is the process used to collect information about the duties, responsibilities, necessary skills, outcomes, and work environment of a particular job. Much data is needed as possible to put together a job description which is the frequent outcome of the job analysis. Additional outcomes include recruiting plans, position postings and advertisements and performance development planning within the performance management system.
Two importance of Job Analysis are:
* Organization and Manpower Planning—Job analysis is helpful in organizational planning, for it defines labour needs in clear terms. It coordinates the activities of the work force and facilitates the division of work, duties and responsibilities. Thus, it is an essential element of manpower planning because it matches jobs with them.
* Recruitment and Selection—Job analysis indicates the specific job requirements of each job i.e. skills and knowledge. In this way, job analysis provides a realistic basis for hiring, training, placement, transfer and promotion of personnel. Basically, the goal of job analysis is to match the job requirements with a worker's aptitude, abilities and interests
Job descriptions are written statements that describe the: duties, responsibilities, most important contributions and outcomes needed from a position, required qualifications of candidates, and reporting relationship and coworkers of a particular job.
It is based on objective information obtained through job analysis, an understanding of the competencies and skills required to accomplish needed tasks, and the needs of the organization to produce work.
Two importance of Job Descriptions
* All employees like to know what is expected of them and how they will be evaluated. Job descriptions can also be a great value...

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