Understanding Job Evaluation Information

Job evaluation is a method of comparing jobs and establishing equitable salaries for all positions relative to their importance and value to the company. You might evaluate jobs when you add new positions to the company.

Evaluating jobs is also helpful for comparing how salaries in the company compare with other salaries for the same positions within the industry.

To evaluate jobs, you need to select a method of evaluation and then define evaluation factors for rating the job. You can select an industry method like the Hay method, or you can define the own method of evaluation.