ORG331: Introduction to Human Resources Management 1 Job Evaluation: Establishing Pay Rates Kenneth M. York School of Business Administration Oakland University.

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Presentation transcript:

ORG331: Introduction to Human Resources Management 1 Job Evaluation: Establishing Pay Rates Kenneth M. York School of Business Administration Oakland University

ORG331: Introduction to Human Resources Management 2 Job Analysis  Dictionary of Occupational Titles FACULTY MEMBER, COLLEGE OR UNIVERSITY (education) Conducts college or university courses for undergraduate or graduate students: Teaches one or more subjects, such as economics, chemistry, law, or medicine, within prescribed curriculum. Prepares and delivers lectures to students. Compiles bibliographies of specialized materials for outside reading assignments. Stimulates class discussions. Compiles, administers, and grades examinations, or assigns this work to others. Directs research of other teachers or graduate students working for advanced academic degrees. Conducts research in particular field of knowledge and publishes findings in professional journals. Performs related duties, such as advising students on academic and vocational curricula, and acting as adviser to student organizations. Serves on faculty committee providing professional consulting services to government and industry.

ORG331: Introduction to Human Resources Management 3 Determine the Relative Worth of the Benchmark Jobs  Rate each benchmark job on each of the compensable factors to get a Job Evaluation Total Skill Responsibility Working conditions Consequence of error Problem solving Hazard Complexity Internal Equity

ORG331: Introduction to Human Resources Management 4 Collect Salary Survey Data for the Benchmark Jobs  Academe (AAUP) Salary Survey Report II-A Universities ProfessorOU79900 Associate ProfessorOU62000 Assistant ProfessorOU53700 ProfessorCMU73400 Associate ProfessorCMU58000 Assistant ProfessorCMU46000 External Competitiveness

ORG331: Introduction to Human Resources Management 5 Do the regression analysis  Salary data is the dependent variable  JETotal is independent variable  Survey$=JETotal*X1+ Constant

ORG331: Introduction to Human Resources Management 6 Do the regression analysis Survey$=JETotal*X1+Constant

ORG331: Introduction to Human Resources Management 7 Use regression equation to calculate midpoint salary  $141,202=474.7*

ORG331: Introduction to Human Resources Management 8 Use regression line to determine midpoint salary  Draw a vertical line up to regression line at JETotal

ORG331: Introduction to Human Resources Management 9 Use regression line to determine midpoint salary  Draw a horizontal line over to salary Extrapolation!