Job Evaluation and Job Pricing
Job Evaluation and Job Pricing
This self-paced course consists of reading and/or listening to content and answering assessment questions.
By the end of this course, you should be able to:
- explain the purpose of job evaluation
- describe and compare the job ranking, classification, point, factor comparison, and Hay methods of job evaluation
- define key (or benchmark) jobs, as used in the point method
- list the three compensable factors used in the Guide Chart-Profile Method
- explain the procedure for establishing pay grades and ranges
- describe how to calculate a compa-ratio and explain how compa-ratios are useful
- define red-circle rates (and blue or green)
- describe the methods and consequences of adjusting the wage curve (i.e. for inflation)
- explain the factors generally considered in determining the individual pay rate
- explain how administrative controls can be placed on pay-rate decisions
Successful completion of this course requires passing all of the assessments at 100 percent. The assessments can be taken multiple times. Upon successful completion of this course you can download a certificate of completion and access the pre-approved Activity IDs from the Completed tab on the MY COURSES page.
This course will automatically be added to your user account within 5-10 minutes of placing your order. Access to HRrecert courses is granted for 24 months from the date of purchase. Internet access is required to view this course.
The HRrecert courses are copyrighted material and may not, in whole or in part, be printed, copied, shared, or reproduced by any means for any reason without prior written consent. Access to the HRrecert courses are for your individual use; your account is not to be shared with others. Any violation of these terms and conditions will result in immediate termination of your access to these materials, with no refund provided.
System Requirements:
- CPU: 2GHz processor or faster
- 4GB RAM or greater
- Windows: 8.1, 10
- MacOS: Mojave, Catalina, Big Sur
- Mobile: iOS, Android
- Browsers: Chrome, Firefox, Safari
- Internet speed: 4Mbps up 2Mbps down or better.
