Job Evaluation Point Factor Systems
PLS Job Classification & Compensation Services
Organizations, whether in the public or private sector, utilize some type of job evaluation methodology to ensure that their respective job classification and compensation systems are properly maintained. One frequently used tool to accomplish this critical maintenance activity is the use of a formal job evaluation point factor system.
Characteristics of Point Factor Systems:
- A point value-based job evaluation system that measures the relative worth of jobs based on factors that include job knowledge skills, work complexity, accountability and working condition hazards.
- The purpose of the system is to objectively measure the content of each job; determine its relative worth; and establish equitable pay relationships among all jobs within an organization.
- A point factor system provides a structured and consistent method to evaluate jobs. It provides a relative objective and unbiased view of the worth of jobs.
- There is a documented record of the worth of the job based on the selected compensable factors.
- There is an avoidance of positive or negative bias as the individual job holder is not the basis for evaluation.
- The use of a point factor system can address current discrepancies and help to prevent future anomalies, avoiding employee resentment and demands for parity due to a feeling of being undervalued.
PLS has the staff experience and expertise to either introduce or apply existing point factor systems and will do so on time and on budget to ensure customer satisfaction and effective project completion and implementation.
As an added service, PLS will apply a point factor evaluation, free of charge, to a new or existing job class for one year after the completion of the project.