Ol 620 Module: Four Short Paper Job Evaluation At Smith

OL 620 Module: Four Short Paper – Job Evaluation at Smith UpholsteryOL 620 – Total Rewards Southern New Hampshire University 01:50:53 GMT -05:00IntroductionBuilding a reasonable and fair compensation structure motivates employees, encouraging them to higher performance and decreasing retention rates within an organization. Smith Upholstery has an opportunity to research compensation packages that align with job functionsto grow the company. The process of job data and job evaluation is an important factor in determining employee salaries. It involves examining and comparing jobs to determine the value of each position to the organization. This paper will explore the advantages and disadvantages of simple ranking, alternate ranking, and point method job evaluation techniques. It will also examine the problems identified by following the founder, Robert Smith's approach and suggestions delegated for what Marco Colella should do first (Martocchio, 2019).Advantages and DisadvantagesThe simplest method of evaluating job functions is through a simple scale. Simple ranking plans order all jobs from lowest to highest according to a single criterion (e.g., job complexity or the centrality of the job to the company’s competitive strategy). This approach considers each job in its entirety, usually used in small companies that have relatively few employees (Martocchio,