Compensation Consideration and Consistency Please respond to

Compensation Consideration and Consistency\" Please respond to the following: Using the Internet explore the various benefits of job analysis and job evaluation. Next, discuss how these practices could benefit Customers First from the Chapter 6 case study. Determine three (3) reasons why you believe it is necessary for companies to adopt compensation strategies and policies that promote competitive advantage. Justify your response.

Solution

Benefits of Job Analysis and Job Evaluation:

Job analysis is a method through which an organization can collect various related information to a particular job. It is of two types one is job description, and another one is Job specification. In Job evaluation the relative importance /worth of each job can be found out so that salary/wage differential can be set. Almost every top notch companies using suitable methods to do job analysis and job evaluation.

Job analysis should be done before the recruitment and selection so that clear role, requirements; expectations can be explained to the job seekers. Through Job evaluation, salary and responsibilities associated with a particular job can be compared. To write job description and specification, people on the strategic role, human resources role or any other specialized role will be suitable.

Key benefits can be highlighted as,

In my view the companies should adopt compensation strategies and policies that promote competitive advantage are quite necessary so as to remain in the race of severe competition and change in the business environment. Now we shall discuss it in the following points,