After reading this article you will learn about:- 1. Definition of Merit Rating 2. Objectives of Merit Rating 3. Methods 4. Advantages 5. Disadvantages. Definition of Merit Rating: Merit Rating assesses the merit of the person doing the job. Merit rating determines the extent to which an employee meets job requirements. Job evaluation and Merit Rating are two complementary aspects [...]
The various commonly used methods or systems of job evaluation are: 1. Ranking Method 2. Classification or Grading Method 3. Factor Comparison Method 4. Point Method. 1. Ranking Method: The different jobs, depending upon their requirements, responsibilities involved and their importance to the organisation, are ranked, graded or placed from top to bottom. Advantages: (a) The method is simple and [...]
There are three major steps in achieving the final wage structure for base wages. These are: (i) Decision about range, i.e., maximum and minimum wages for the grade. (ii) Decision about the number of grades of workers. (iii) Decision about the overlap in between the different grades. All the above mentioned steps are closely related, i.e., if there is any [...]