Professional Documents
Culture Documents
Assignment On Compensation Management
Assignment On Compensation Management
Submitted to
Fahmida Sultana
Lecturer
Department of Human Resource Management
Jatiya Kabi Kazi Nazrul Islam University
Submitted By
Rakibul Islam
Roll: 17133042
Session: 2016-17
Department of Human Resource Management
Jatiya Kabi Kazi Nazrul Islam University
Index Page
Chapter: 8
What is job evolution? Discuss the major reasons for implementing job
evolution program
Describe the types/ method of job evolution 17-22
Chapter - 6
Question 1: Define Job Analysis. Describe the various methods for generating job
analysis data and information.
Job Analysis
Job analysis, contains a simple term called "analysis", which means detailed study or
examination of something (job) in order to understand more about it (job). therefore, job analysis
is to understand more about a specific job in order to optimize it. Job analysis is a systematic
process of collecting complete information pertaining to a job. Job analysis is done by job
analyst who is an officer have been trained for it.
Job analysis is a procedure through which one determine the duties and responsibilities, nature of
the jobs and finally to decide qualifications, skills and knowledge to be required for an employee
to perform particular job. Job analysis helps to understand what tasks are important and how they
are carried on. Job analysis forms basis for later HR activities such as developing effective
training program, selection of employees, setting up of performance standards and assessment of
employees (performance appraisal) and employee remuneration system or compensation plan.
Described the various methods for generating job analysis data and information
The methods of collecting job-related data are
Observational method
Interviews
Questionnaire
Checklists
Technical conferences, and diary.
A combination of these approaches may be used depending upon the situation and the
organization. A brief description of each method is in order.
Observation
In this method, the job analyst carefully observes the job holder at work and records what he or
she does, how he or she does, and how much time is needed for completion of a given task. This
method has both positive as well as negative sides. The analyst needs to be trained to carefully
observe and record the competence of a job incumbent. And training means additional cost.
Considering all these, the observation method may be used for analyzing repetitive, short-cycle,
unskilled and semi-skilled jobs. Better results will be available when the observation method is
used along with other method(s) of job analysis.
Interview
In this, the analyst interviews the job holder and his/her supervisor to elicit information about the
job. Usually, a structured interview form is used to record the information. During the interview,
the analyst must make judgements about the information to be included and its degree of
4|Page
importance. The interview method is time consuming. The time problem will be compounded if
the interviewer talks with two or more employees doing the same job.
Questionnaire
Job holders fill in the given structured questionnaires, which are then approved by their
supervisors. The filled-in questionnaires offer enough data on jobs. Standard questionnaires are
available or they may be prepared for the purpose by the analysts. Standard or prepared,
questionnaires should contain the following basic information:
1. The job title of the job holder;
2. The job title of the job holder’s manager or supervisor;
3. The job titles and numbers of the staff reporting to the job holder (best recorded by means of
an organization chart);
4. A brief description (one or two sentences) of the overall role or purpose of the job; and
5. A list of the main tasks or duties that the job holder has to carry out; as appropriate, these
should specify the resources controlled, the equipment used, the contracts made and the
frequency with which the tasks are carried out.
Checklists
A checklist is similar to a questionnaire, but the response sheet contains fewer subjective
judgements and tends to be either-yes-or-no variety. Checklists can cover as many as 100
activities and job holders tick only those tasks that are included in their jobs. Preparation of a
checklist is a challenging job. The specialists who prepare the list must collect all relevant
information about the job concerned. Such information can be obtained by asking supervisors,
industrial engineers, and others familiar with the work. When a checklist has been prepared for a
job, it is sent to the job holder. The job holder is asked to check all listed tasks that he/she
performs and indicate the amount of time spent on each task as well as the training and
experience required to be proficient in each task. He/she may also be asked to write any
additional tasks he/she performs which is not stated in the checklist.
Diary Method
This method requires the job holders to record in detail their activities each day. If done
faithfully, this technique is accurate and eliminates errors caused by memory lapses the job
holder makes while answering questionnaires and checklists. This method, however, is time
consuming because the recording of tasks may have to be spread over a number of days. It also
engages considerable time of a production worker. No wonder, the diary method is not used
much in practice.
The methods described above are not to be viewed as mutually exclusive. None of them is
universally superior. The best results can be obtained by a combination of these methods.
5|Page
Quantitative Techniques
The methods of collecting job-related data, described above are used by most employers. But
there are occasions where these narrative approaches are not appropriate. For example, where it
is desired to assign a quantitative value to each job so that jobs can be compared for pay
purposes, a more quantitative approach will be appropriate. The position analysis questionnaire,
management position description questionnaire and functional job analysis are the three popular
techniques of job analysis.
Therefore, job analysis is one of the most important functions of an HR manager or department.
This helps in fitting the right kind of talent at the right place and at the right time.
Job analysis is the procedure for determining the duties and skill requirements of a job and the
kind of person who should be hired for it. It is a process of collecting information related to
various aspects of the job. The main purposes of conducting job analysis are to prepare a job
description and job specification which in turn helps to hire the right quality of workforce into
the organization.
It collects and analyses the information associated with job description and specifications.
Following steps are involved in job analysis:
Information Collection
This is the first step of job analysis under which required information related to various aspects
of jobs are collected. Probably the most important consideration is to identify the objectives of
the job analysis. Information is obtained through different methods such as interview,
observation, questionnaire, critical incidents etc. It is associated with the preparation of plans and
programs and assignment of responsibilities to the concerned person.
Review Background Information
This is the second step of job analysis process under which the previously collected information
is reviewed to design organizational charts, current position descriptions and specifications,
procedures, manuals and process charts. These help in the detailed assessment of job.
Selection of Representative Position to be Analyzed
Analyzing all jobs at a time is a complex and costly affair. So, only a representative sample of
jobs is selected for the purpose of detailed analysis. Under it, the job analyst investigates to
determine which organization managers or employees require job analysis. He should also
determine for what purpose the job must be analyzed.
Analysis of Job by Collecting Data
Under this step of job analysis process, a job analyst obtains the data and information related to
the selected jobs. The information is collected on the job activities, required employee behaviors,
working conditions, human traits and qualities, abilities to perform the job and other various
dimensions of the job. Data can be collected either through questionnaire, observation or
interviews.
Develop Job Description
In this step of job analysis, a job description schedule is developed through the information
collected in the above step. This is the written statement which describes the prominent
characteristics of the job along with duties, location, and degree of risk involved in each job.
Develop Job Specification
Developing the job specification is the last step of job analysis process under which a detailed
specification statement is prepared showing the minimum requirement of each job. It consists of
a requirement of the job holder for successfully performing the job. A job specification
7|Page
summarizes the personal qualities, traits, skills, knowledge, and background required to perform
the specific task. It also involves the physical and psychological attributes of the incumbent.
Question 4: What are the requirements necessary for successful job analysis?
Job analysis is the process of gathering, examining and interpreting data about a job's tasks and
responsibilities. It generally includes tracking an employee's duties and the duration of each task,
observing the employee performing his or her job, interviewing the employee, managers and
others who interact with the employee, and comparing the job to other jobs in the same
department and job grade or job family. An important concept in job analysis is that it is an
evaluation of the job, not the person doing the job. The final product from a job analysis includes
a thorough understanding of the essential functions of the job, a list of all duties and
responsibilities, a percentage of time spent for each group of tasks, the job's relative importance
in comparison with other jobs, the knowledge, skills and abilities (KSAs) needed to perform the
job, and the conditions under which the work is completed.
There are many ways to perform a job analysis, but all require the cooperation of the employee
in the position, his or her manager(s) and others the employee works closely with while
performing his or her job duties.
The following steps will help provide the best analysis of a particular job:
Have employees complete a job analysis questionnaire.
Interview employees, asking them specific questions about their job duties and
responsibilities.
Obtain log sheets from employees with information about each of their tasks and the time
spent on each task for at least one full work week.
Complete desk audits where one observes employees doing their jobs at different times of
the day and days of the week and track what they do and for how long.
Interview supervisors and managers, and other employees, clients and customers the
employee may interact with while performing the job.
Compare the job to other jobs in the department as well as the job grade or job family to
show where it falls on the pay scale.
If there is more than one person doing the same job, make sure to observe and obtain feedback
and information from more than one person. One will want to review oner findings with the
employees who do the job as well as their supervisors and managers to tweak oner findings until
one have an accurate reflection of the job duties and responsibilities.
Once an accurate overview of a position is developed, employers should update the job
description to match the results of the job analysis.
Job descriptions can be used as a tool for recruiting, determining salary ranges and levels or
grades, establishing job titles, creating employee's job goals and objectives, and conducting
8|Page
performance reviews. They can also be used for career planning, creating reasonable
accommodations and meeting legal requirements for compliance purposes. Because of this, it is
important to have written job descriptions that accurately reflect the employees' current job
duties and responsibilities.
Identification of Job Analysis Purpose: Well, any process is futile until its purpose is
not identified and defined. Therefore, the first step in the process is to determine its need
and desired output. Spending human efforts, energy as well as money is useless until HR
managers don’t know why data is to be collected and what is to be done with it.
Who Will Conduct Job Analysis: The second most important step in the process of job
analysis is to decide who will conduct it? Some companies prefer getting it done by their
own HR department while some hire job analysis consultants. Job analysis consultants
may prove to be extremely helpful as they offer unbiased advice, guidelines and methods.
They don’t have any personal likes and dislikes when it comes to analyze a job.
How to Conduct the Process: Deciding the way in which job analysis process needs to
be conducted is surely the next step. A planned approach about how to carry the whole
process is required in order to investigate a specific job.
Strategic Decision Making: Now is the time to make strategic decision. It’s about
deciding the extent of employee involvement in the process, the level of details to be
collected and recorded, sources from where data is to be collected, data collection
methods, the processing of information and segregation of collected data.
Training of Job Analyst: Next is to train the job analyst about how to conduct the
process and use the selected methods for collection and recoding of job data.
Preparation of Job Analysis Process: Communicating it within the organization is the
next step. HR managers need to communicate the whole thing properly so that employees
offer their full support to the job analyst. The stage also involves preparation of
documents, questionnaires, interviews and feedback forms.
Data Collection: Next is to collect job-related data including educational qualifications
of employees, skills and abilities required to perform the job, working conditions, job
activities, reporting hierarchy, required human traits, job activities, duties and
responsibilities involved and employee behavior.
Documentation, Verification and Review: Proper documentation is done to verify the
authenticity of collected data and then review it. This is the final information that is used
to describe a specific job.
Developing Job Description and Job Specification: Now is the time to segregate the
collected data in to useful information. Job Description describes the roles, activities,
duties and responsibilities of the job while job specification is a statement of educational
qualification, experience, personal traits and skills required to perform the job.
9|Page
Thus, the process of job analysis helps in identifying the worth of specific job, utilizing the
human talent in the best possible manner, eliminating unneeded jobs and setting realistic
performance measurement standards.
Chapter – 7
Question 1: Define job description. Discuss the elements of job description
Job Description
A job description is a functional description of the contents and contexts of the job. Job
description narrates the various features and contents of a job. It is a written statement that
identifies, describes, and defines job’s duties, responsibilities, working conditions etc. It is a
document showing a brief summary of task requirements which explains the constitute elements
of job in an organized way. It may include relationships with other people in the organization:
Supervisory level, managerial requirements, and relationships with other colleagues.
Job description discloses what an incumbent is supposed to do, how the task is to be done. The
data to be included in the job description statement is usually determined by the job analyst to
make the document more reliable and informative. Moreover, the information is, in turn, used to
write a job specification statement showing the minimum requirement of skill, knowledge, and
ability to perform a specific task. It generally includes duties, purpose, responsibilities, scope,
and working conditions of a job along with the job’s title, and the name or designation of the
person to whom the employee reports.
Thus, a job description is the listing of job tasks, duties, and responsibilities which depicts a brief
summary of the job in terms of nature and types. Finally, when used as a means to communicate
expectations, job descriptions can also be used as a basis for performance management. For the
employee, having a clear job description allows them to understand the responsibilities and
duties that are required and expected of them.
they will be evaluated. Job descriptions can also be a great value to employers. Creating a job
description often results in a thought process that helps determine how critical the job is, how
this particular job relates to others and identifies the characteristics needed by a new employee
filling the role.
A job description typically outlines the necessary skills, training and education needed by a
potential employee. It will spell out duties and responsibilities of the job. Once a job description
is prepared, it can serve as a basis for interviewing candidates, orienting a new employee and
evaluating job performance. Using job descriptions is part of good management.
1. A summary statement. These one or two sentences include a general statement of duties and
mentions who the employee would report to.
2. Functions of the position. Usually, this section is the lengthiest. It details what the job
actually entails and can be quite specific. It should detail any supervisory functions in addition to
being as specific as possible in describing tasks the employee will face every day. This is also the
best place to indicate whether the person will deal with customers, the public or only internal
employees. One can also use this section to place priorities on the activities.
3. Attributes needed for the position. If the position involves the use of machinery (or
computers), spell out what type of machines or software the employee will use. Also detail any
technical or educational requirements that may be critical or desired. This is the place to provide
some insights into the type of work environment One are attempting to maintain. Is it pure
business, or must the person be able to contribute to an overall spirit of the organization?
4. Reporting. Provide details on the reporting and organizational structure. This will help the
employee better understand how their activities fit into the total organization.
5. Evaluation criteria. The more specific One can get the better. Writing this section will
probably enable One to define what is most important for the organization as well as the
employee. Try to make sure the evaluation criteria of the position will promote the type of
activities to enhance the success of the business. Also provide details on when evaluations will
take place.
6. Compensation. Including a range instead of a specific figure will give One more flexibility,
but most people will feel they should be at the top of the range. It is usually better to have a
specific dollar amount, especially if One are giving the job description to the employee. If One’s
organization uses salary grades, use that.
Using job descriptions will help an organization better understand the experience and skill base
needed to enhance the success of the company. They help in the hiring, evaluating and
potentially terminating of employees. All too often, there is a misunderstanding of what a
position entails and a well-prepared job description can help both sides share a common
understanding.
12 | P a g e
A job description contains the following components: job title, job purpose, job duties and
responsibilities, required qualifications, preferred qualifications and working conditions.
Job Title
The Job Title is a brief description (1-4 words) of the job which reflects the content, purpose, and
scope of the job and is consistent with other job titles of similar roles within Wright State
University (University).
Job Purpose
The Job Purpose provides a high-level overview of the role, level and scope of responsibility
consisting of three or four sentences providing a basic understanding, the “bird’s eye view” of
the role. A concise summary of “why the job exists?”
Include explanatory phrases which tell why, how, where or how often the tasks and duties
are performed.
Focus on outcome of tasks.
Reference areas of decision-making, where one will influence or impact.
Identify areas of direct or indirect accountabilities.
Describe the level and type of budgetary or financial responsibilities.
Describe the nature of contact, the people contacted, and the extent to which the
incumbent will interact with others within and outside of the University.
List job duties that reflect the position requirements and ensure they are not based upon
the capabilities of any one individual.
Education
Identify the educational qualifications that an employee must possess to satisfactorily perform
the job duties and responsibilities. State the educational qualifications in terms of areas of study
and/or type of degree or concentration that would provide the knowledge required for entry into
this position.
Experience
Identify the minimum number of full-time experiences required in terms of years and the type of
work experience that an employee needs to be qualified for the job. Should internships,
14 | P a g e
Working knowledge: sufficient familiarity with the subject to know basic principles and
terminology and to understand and solve simple problems.
General knowledge: sufficient knowledge of a field to perform most work in normal
situations. The work calls for comprehension of standard situations and includes
knowledge of most of the significant aspects of the subject.
Thorough knowledge: advanced knowledge of the subject matter. The work calls for
sufficient comprehension of the subject area to solve unusual as well as common work
problems, to be able to advise on technical matters, and to serve as a resource on the
subject for others in the organization.
Comprehensive knowledge: requires complete mastery and understanding of the subject.
This term should be used sparingly and only for unusually exacting or responsible
positions required to originate hypotheses, concepts, or approaches.
List specific skills and/or abilities required for incumbent to be successful in this role; including
designation of any required licenses or certifications. Some considerations are: analytical,
budget exposure, communication internal or external, computer, creative thinking, customer
service, decision-making, diversity, logical thinking, multi-tasking, negotiation, problem solving,
project management, supervision, teamwork, etc.
Preferred Qualifications
An expanded listing of the Required Qualifications which can be used to further determine a
person’s ability to be productive and successful in this job. These Preferred Qualifications are
“nice to have” but are not essential to carrying out the day-to-day functions of the job. If
included, the Preferred Qualifications can focus on any or all of the following: education,
experience, knowledge, skills and abilities.
Working Conditions
Identify the working conditions and physical demands that relate directly to the essential job
duties and responsibilities to be compliant with the Americans with Disabilities Act. Describe the
type, intensity (how much), frequency (how often), and duration (how long) of physical or
mental capabilities required.
“We know that weird job titles can be fun and indicative of a more laid-back culture. However,
without a cultural frame of reference, using them in One’s job listings can affect how well One’s
job posting does.
"Keep in mind that One’s company and the open job have to be found. In order to do that, step
out of One’s own company's mind and internal terminology. If One call it 'client relationship
manager,' and they're searching for the more commonly used 'account manager,' One is going to
miss out on those candidates," he says.
2. Start with a short, engaging overview of the job
This one- to four-sentence overview should include a description of the job’s major function,
how it contributes to larger company objectives and why it’s important not just to the company,
but to society as a whole.
3. Avoid superlatives or extreme modifiers
Over-the-top language like “best of the best,” “off the charts,” “world class,” “rockstars,”
“ninjas” tends to prevent candidates from applying — especially women and underrepresented
minorities, but also some men, according to NCWIT. Anyone who’s been socialized not to “toot
their own horn” will be less likely to categorize themselves in these ways and thus be less likely
to apply, NCWIT says.
4. Focus responsibilities on growth and development
Don't just list a bunch of boring daily tasks, and avoid a long, bulleted list of responsibilities or
qualifications, says NCWIT.
Lists like these are difficult to absorb, and the minutia often means little until one’s actually
doing the job, according to NCWIT. Instead, describe the key job functions in five to seven
bullets. One also can group two to three bullets under larger categories, such as “Technical
Skills,” “Management Skills,” “Communication,” and the like.
5. Involve current employees in writing job descriptions
Job descriptions often reside in a file somewhere in the HR department, unearthed only when a
role is vacated. These descriptions often remain static for years and don't reflect the current
skills, culture and experience needs. Not only that, but research shows that even when highly
qualified, women are less likely than men to apply for a role if they don’t have all the required
qualifications. Removing any criteria that is no longer necessary for the job, or highlighting
criteria that could be learned on the job, as well as avoiding restrictive requirements for “years of
experience,” can help attract more diverse candidates, according to NCWIT.
6. Create urgency for the position
Even if One is not desperate to fill an open position, one wants candidates to feel a sense of
urgency and be compelled to apply, even if they're currently happily employed, says Robert
Half's Reed. Posting specific start dates can help, as will including contact information for an
individual person rather than a generic e-mail address, he says.
16 | P a g e
Chapter – 8
Question 1: What is job evolution? Discuss the major reasons for implementing
job evolution program
Job evaluation
Job evaluation, which is an accepted tool in the hands of the personnel management for avoiding
any inconsistency in job rates and for achieving uniformity in the entire wage structure – is done
through certain processes. The process – elements are its components.
At the outset, job analysis to secure job date or information is necessary. For this purpose, job
description and job specification are undertaken. In job description – duties, responsibilities and
job conditions are described and in job specification – human qualities needed for the job are
described.
Thus, the components of job evaluation are – Job analysis, job description, job specification, job
rating, money allocation, and employee classification. Management’s method to achieve equity
in pay is job evaluation. It is the cornerstone of formal wage and salary program. The central
purpose of job evaluation is to determine the relative worth of jobs of an enterprise. It thereby
helps in establishing fair pay differentials among jobs.
Discussing the major reasons for implementing job evolution program
As organization constantly evolves and new organizations emerge there will be challenges to
existing principles of job evaluation. Whether existing job evaluation techniques and
accompanying schemes remain relevant in a faster moving and constantly changing world, where
new jobs and roles are invented on a regular basis, remains to be seen.
The formal points systems, used by so many organizations are often already seen to be inflexible.
Sticking rigidly to an existing scheme may impose barriers to change. Constantly, updating and
writing new jobs together with the time that has to be spent administering the job evaluation
schemes may become too cumbersome and time consuming for the benefits that are derived.
The reasons of job evaluation are enumerated below:
1. To secure and maintain complete, accurate and impersonal descriptions of each distinct job or
occupation in the entire plant.
2. To provide a standard procedure for determining the relative worth or value of each job in a
plant.
3. To determine a rate of pay for each job which is fair and equitable with relation to other jobs
in the plant, community and industry.
4. To ensure that like wages are paid to all qualified employees on like work.
5. To promote fair and accurate consideration of all employees for advancement and transfer.
18 | P a g e
6. To provide a factual basis for the consideration of wage rates for similar jobs both within the
community and within the industry.
7. To provide information for the work organization, employee’s selection and training and
numerous other important purposes.
The basis of a sound wage structure is job evaluation. Job evaluation systems are useful in
achieving internal equity of pay between different jobs in the organizations. The process of job
evaluation uses selected criteria to compare jobs within an organization so that they can be
ordered for the purpose of assigning differential pay.
Job evaluation systems provide a rationale for paying one job in an organization more or less
than another. It is the process of analysis and assessment of jobs to ascertain reliably their
relative worth, using the assessment as a basis for a fair and equitable wage structure. It is in the
interest of both the unions and the management that job evaluation is carried out on a joint basis.
1. Gaining acceptance
2. Creating a job evaluation committee
3. Finding the jobs to be evaluated
4. Analyzing and preparing a job description
5. Selecting the method of evaluation
6. Classifying jobs.
20 | P a g e
Gaining acceptance
Before undertaking job evaluation, top management must explain the aims and uses of the
program to the employees and unions. To elaborate on the program further, oral
presentations could be made. Letters, booklets could be used to classify all relevant aspects of
the job evaluation program.
A single person can’t evaluate all the key jobs in an organization. Usually, a job evaluation
committee consisting of experienced employees, union representatives, and HR experts is
created to set the ball rolling.
Every job need not be evaluated. This may be too taxing and costly. Certain key jobs in each
department may be identified. While picking up the jobs, care must be taken to ensure that they
represent the type of work performed in that department.
This requires the preparation of a job description and also an analysis of job needs for successful
performance.
The most important method of evaluating the jobs must be identified now, keeping the job
factors and organizational demands in mind.
Classifying jobs
The relative worth of various jobs in an organization may be found out after arranging jobs in
order of importance using criteria such as skill requirements, experience needed under which
conditions job is performed, type of responsibilities to be shouldered degree of supervision
needed, the amount of stress caused by the job, etc. Weights can be assigned to each such factor.
When we finally add all the weights, the worth of a job is determined. The points may then be
converted into monetary values.
Internal equity is a criterion adopted by organizations to ensure fairness in pay structure. The
compensation awarded to employees is determined through internal equity and is calculated
depending on the relative value of the employee. This equity is aimed at striking a balance in the
compensation awarded to employees based on organizational hierarchy. The corresponding
wages to each job profile are calculated after considering compensable factors which include job
ranking, level of management, job classification, and level of status.
The relationship between internal equity and job evolution
Internal equity and job evaluation are closely related concepts within a company. Internal equity
is a general level of fairness in the alignment of the work employees perform in their positions
and the rewards they receive for it. Job evaluations are tactics used by an employer to assess the
value of a given position to the company and the associated pay for that position.
Internal Equity Basics
Internal equity actually has two basic considerations -- employee value and fairness. Companies
look at internal equity as a comparison between how much they invest in each employee and
what they get back in production and performance. Employees are concerned with the aspect of
internal equity relating to a system of fair pay, benefits and rewards for the work they do. Well-
established internal equity programs are motivating to employees, good from a human resources
standpoint, and typically make for a better investment for the company.
Job Evaluation Basics
From the employer's perspective, job evaluations are an important human resources tool used to
assess the relationship between each position and its compensation. By evaluating each job, HR
can possibly eliminate positions of redundancy and develop pay scales that more accurately
relate to the performance expectations. They can also promote or give pay increases to
employees whose performance exceeds the standard set for their current positions.
Stephen Bruce identifies the following as being important to the job evaluation process:
1. Experience. How long should the incumbent have worked in this job or in closely related
jobs to be fully qualified? Is it important that the experience be within or outside the
organization?
3. Responsibility. Is the employee responsible for the safety of other employees or the loss
or damage to tools, materials, or equipment? How significant to the employer is the work
the position is responsible for? How big is the budget the incumbent manages?
4. The complexity of duties. Does the job require the incumbent to show judgment and
manager check his or her work? Does the supervisor or manager outline specific methods
or work procedures?
6. Supervision exercised. How many people does the incumbent supervise, directly and
indirectly? What responsibility does he or she have for controlling policy decisions, costs,
or work methods?
7. Consequences of error. If the incumbent made an error, what dollar loss would be likely
hazardous or uncomfortable? For what percentage of the time is the incumbent exposed
to such conditions?
10. Confidential data. To what extent is the incumbent responsible for confidential
References
https://en.wikipedia.org
https://readersinsight.net
https://www.economicsdiscussion.net
https://www.business.com
https://www.businessmanagementideas.com
https://www.study.com
https://www.tutorialspoint.com