How strongly do relative job evaluation points and relative survey pay correspond? For example, what is the
Question:
How strongly do relative job evaluation points and relative survey pay correspond? For example, what is the ratio of job evaluation points you assigned to Job B (Cashier) and Job F (Team Member, Stock and Display) in the Chapter 5 Your Turn? What is the ratio of survey pay from Occupational Employment Statistics for 41-2011 Cashiers and 43-5081 Stock Clerks? Are the two ratios the same? (In Chapter 8, we will discuss why these ratios, one based on internal worth and the other based on external worth, may differ.) If these two ratios or other ratios you compute using other Whole Foods/pay survey jobs differ, which ratio (internal, based on job evaluation, or external, based on the pay survey) would you recommend be emphasized or receive priority in setting actual pay?
Step by Step Answer:
Compensation
ISBN: 978-1259532726
12th edition
Authors: George Milkovich, Jerry Newman, Barry Gerhart