HEADS UP! This episode is better on YouTube. Robert has illustrations to help you better understand the content. Check it out here: https://youtu.be/ewO6QCBws0Q
Compensation is possibly the most important thing HR has to get right. Underpay people and they'll be unhappy or leave. It's also wrong. Overpay people and EVERYONE is going to want a raise to match and your compensation costs are going to rise.
Job evaluation is how we make sure employees are paid fairly and equitably based on some rational means of comparing. It's not about how the wind is blowing today. And it's foundational to HR.
Robert Mosley, worked for Hay (the leading job evaluation methodology) and walks us through how we size a job. Here's a sample of what you'll learn in this episode:
🟰 Job evaluation and sizing are the same thing.
#️⃣ 'Sizing' is assigning points to jobs and 'grading' is lumping ranges of points together for an manageable compensation system.
4️⃣ There's four common job sizing methodologies. Pick one and use it. It might seem expensive up front, but it manages the risk of getting comp wrong.
Find Robert at robert@lemon-pip.com
Find Andrea at https://www.linkedin.com/in/andrea-adams1/