Compensation for HR Management Job Evaluation Exercise The purpose of this exercise is to learn more about job evaluation by actually doing an evaluation of a set of jobs for a company we will call Specialized Racing Products. You will conduct the job evaluation as a team effort and reproduce your findings in a summary report (2-3 pages). The book talks about various issues involved in conducting a job evaluation; as we discussed in class there is no "one best method." Rather, your task is to determine how YOU think the job evaluation should be done, using your collective professional judgment. Your work is essentially to act as Job Evaluation Committee. Your first task is to develop a job evaluation system using the point method (following the steps described in class and outlined in your book: choosing and weighing compensable factors, defining factor degrees and points, and then evaluating the jobs that are attached). To make it easier to compare the various teams' approaches, the point system should have a theoretical maximum of 1000 points. This work will be due on February 22.. Your report should consist of: A brief introduction to the exercise Table with all your job rankings, factors, and points assigned An explanation of HOW you went about your work and WHY you thought your approach made sense. Then you can describe your results, followed by what you learned from the exercise (which may include a conclusion that your method wasn't as good as you first thought). I will be looking for a clear, understandable, and professional report. Total marks = 20