= Homework: Ch 6 Crunch the Numbers Exercise 1 >> Modifying a Job Evaluation Worksheet Question 1, CTN 6.1 Part 1 of 3 HW Score: 0%, 0 of 2 points Points: 0 of 2 Save This chapter discusses the principles of internally consistent compensation systems and the practices that establish them. The point method system assigns point values to jobs based on the degree of compensable factors that define them. When job evaluation is conducted correctly, jobs with higher point totals will be valued (in terms of average market pay rates) more highly than jobs with lower point totals. The following list shows five jobs and each job's point total. Job Title Management trainee Assistant manager Associate manager Manager Senior manager Job Evaluation Point Total 220 points 330 points 470 points 545 points 720 points Let's assume that the average market pay rate for the associate manager job is $55,000 and it is being used as the frame of reference for determining the rates for the remaining jobs on the list. (Hint: Calculate the dollar value per job evaluation point to start.) The typical pay rate for the following jobs: (Round your answers to the nearest hundredths place.) (a) Management trainee = $ (b) Assistant manager = $ (c) Manager = $ (d) Senior manager = $ Ask my instructor Clear all Final check