GROUP ___1___ ROLL NOS.

316, 318, 320,331,353, 329, 359

Form 1: Job Ranks (5 mins.)

Job Title Rank

Finance Manager ______ 1______________

Secretary _______4_____________

Data-Processing Supervisor _______3_____________

Accounting Supervisor _______2_____________

Computer Operator _______6___________

Data-entry Operator _______9_____________

Accountant _______5___________

Senior Account Clerk _______7___________

Junior Account Clerk _______8___________

Typist Clerk ______10_____________

GROUP ___1___ ROLL NOS. 316, 318, 320,331,353, 329, 359

(15 mins.)
POINT METHOD 8
.
7. W
T
Form 2. 5. M o
4.S o
Job Points 1. Er en r
3.C up 6.C 9.S t
E 2. ro tal ki
om erv ont upe a
d Ex rs or n
ple isio act rvis l
u pe in vi g
xity n wit on p
c rie Ju su c
of Re h exe o
at nc dg al o
dut cei oth rcis i
io e m de n
ies ve ers ed n
n en m di
d t
t an ti
s
ds o
n
s
5 5
Finance Degree 5
5 5 5 5 1 5
Manager 100 60 120 695
Points 120
80 100 80 30 5
4 2 3 3
Degree
3 3 2 1 2
Secretary
40 60 30 10 20
Points
60 20 15 5 260
Data-Processi Degree
3 4 3 3 4 5 4 2 5
ng
Supervisor 465
Points
40 80 45 30 40 60 40 10 120
Degree
Accounting 4 4 5 3 3 2 1 1 2
Supervisor 70 80 80 30 20 10 5 5 20 320
Points

Degree
Computer 3 3 2 2 1 3 3 2 1
Operator 40 60 30
Points
15 5 20 15 10 10 205
Degree 1 3 3
Data-Entry 2 2 2 2 2 1
Operator
Points 5 20 20
20 40 30 10 10 10 165
1 1
Degree
3 3 2 3 2 4 1
Accountant
10
Points
40 25 45 15 20 10 20 5 190

Senior Degree
2 3 3 3 3 3 3 1 2
Account
Clerk Points
20 60 45 30 20 20 15 5 20 235
Junior Degree 2 2 3 2 3 1 3 1 1
GROUP ___1___ ROLL NOS. 316, 318, 320,331,353, 329, 359

Account Clerk
20 40 45 15 20 5 15 5 10 172
Points

Degree
1 1 2 2 2 1 3 1 1
Typist Clerk
125
Points
10 25 30 15 10 5 15 5 10

(10 mins.)

Comparison of Job Evaluation Techniques. This exercise provides a comparison of the

results of Parts A and B. Fill in Column 1 of Form 3 with the points from Form 2. Then rank
these points, from 1 for the job with the most points to 10 for the job with the least points. Next,
transfer the ranks from Form 1 to Column 3 of Form 3. Finally, calculate the differences between
the ranks from the ranking technique in Column 3, and place the results in Column 4.

Form 3. Comparison of Ranking Technique and Point Method

(I) (2) (3) (4)

Job Title Points Rank Based Rank Difference

(from Form 2) on Points (from Form 1) between
Cols. 2 and 3

Finance Manager 695___ ____1_ __ ___1____ ____0__

Secretary 275____ ___4_____ ____4___ ___0____

Data-Processing Supervisor 465_____ _____2___ ___3____ _1______

Accounting Supervisor __320_____ ___3_____ ____2___ ___1____

Computer Operator _____205__ ___6_____ ____6___ ___0____

Data-Entry Operator ____165___ ____9_ __ ____9___ ___0____

Accountant ____190___ ____7____ ____5___ ___2____

Senior Account Clerk _ 235 ___5__ __ ____7___ ___2____

Junior Account Clerk _172____ ___8_____ ____8___ ___0____

GROUP ___1___ ROLL NOS. 316, 318, 320,331,353, 329, 359

Typist Clerk __125_____ ____10____ _____10__ ___0____

GROUP ___1___ ROLL NOS. 316, 318, 320,331,353, 329, 359

How can you explain any differences in the ranks resulting from the two techniques?

Examine the points in Column 1 in relation to the ranks in Column 3. What information
does the point method give about the relative internal worth of the jobs not found with
the ranking technique?\

Ranking methods differentiate between different jobs through a single ranking method
where we compare different jobs using an aggregate comparison of job description.
This method doesn’t include the complexities and minor details of the job.
Also, the ranking system only works when comparing several jobs but cannot tell
anything about a single job.

Point method gives an objective way to rank a job on diverse set of parameters ranging from
education, experience to complexity and working condition and the total sum of of points scored
by a job designation give us a benchmark to compare jobs and hence helps individuals as well
to identify which one fits them best based on their understanding of their current skill sets and
abilities. The individual ranking allotted to each job based on parameters like mental and visual
demands also help in companies to decide allowances such as dearness allowances etc

● Compensable factors.
● Factor degrees numerically scaled.
● Weights reflect relative. importance of each factor.
● The benefit of point-factor based job evaluation methods is that they can give you
a clear marker you can use to increase the objectivity and consistency of your
findings.
The advantages of the individual ranking method are it is easy to understand and use, it
is easy to compare job performance, and it saves money and time. The disadvantages
of the individual ranking method are it is not easy to practically compare each of the
employees and for large organizations, it is not applicable.
 GROUP ___1___ ROLL NOS. 316, 318, 320,331,353, 329, 359

Form 4: Pricing the Internal Wage Structure (30 mins.)

Job Title
Reference Market Salary Total Points (from Form 2) Calculated Salary

Finance Manager ___10.25_______ ____695_______ ___1427738______

Secretary ____6.9______ ______275_____ ____821215______

Data-Processing Supervisor ____8.962____ ________465___ ____1095594______

Accounting Supervisor ____8.862_____ ______320_____ ____866199______

Computer Operator ____ 6.926______ _____205______ ____720128______

Data-Entry Operator ____6.4______ ___165________ ____662364______

Accountant ____7.34______ ____190_______ _____698466_____

Senior Account Clerk _____6.8_____ ____235_______ _____763451_____

Junior Account Clerk ______6.5____ ___172________ _____672472_____

Typist Clerk ____6.046______ ___125________ ___604599_______

Form 5: Scatter-Plot analysis for pricing the Internal Wage Structure

GROUP ___1___ ROLL NOS. 316, 318, 320,331,353, 329, 359

Salary = (1444.02 * Points) + 424087.179

Rs. 10,00,000

9,00,000
A
n
n
u
al 8,00,000
R
e
f
e 7,00,000
r
e
n
c
e 6,00,000
S
al
a
r
y 5,00,000

0 100 200 300 400 500 600

Total Points
GROUP ___1___ ROLL NOS. 316, 318, 320,331,353, 329, 359

Are there any major differences between the salaries calculated by means of the scatter
diagram and the reference salaries based on the market rates? If so, how can you explain
such differences?

Yes there are major differences in the salaries calculated from scatter diagrams and the reference
salaries based on the market rates. We use the normal market rate to estimate the general salary
trend for similar jobs in the market approach. In the scatter plot, we referred to the market
salaries and used an eyeball approach to get a straight line. The scatter plot showed a few
deviations from a straight line because we estimated the worth of the jobs according to our
company’s need and expectation; this point system can vary from company to company,
depending on the tasks at hand and the job expectations. These points when compared to the
market salaries gave us the calculated salaries. Taking direct market rates and their average does
not factor the internal working conditions special to each company. There are differences
between the wages calculated utilizing the scatter diagram and the reference salaries based on the
market rates. The scatter plot showed a few deviations from a straight line. There are differences
between the wages calculated utilizing the scatter diagram and the reference salaries based on the
market rates.