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 [...]
This article throws light upon the top six modern methods of control exercised in an organisation. The modern methods are: 1. Management Information System (MIS) 2. Management Audit 3. Responsibility Accounting 4. Network Techniques - PERT and CPM 5. Balanced Score Card 6. Ratio Analysis 7. Economic Value Added (EVA) 8. Market Value Added (MVA). Modern Method # 1. Management [...]
This article throws light upon the five major methods of training employees. The methods are: 1. On the Job Training 2. Vestibule School 3. Apprenticeship 4. Special Courses 5. Classroom Methods. Method # 1. On the Job Training: This system of training the employees is more widely used, provided the number of employees to be trained is limited at the [...]