Job evaluation and market pricing help you gather internal and external data on roles in your organisation and equivalent jobs in other employers or sectors. Effective interpretation of this data is key to ensuring your pay is fair and competitive. To ensure they reflect changes to jobs, work, and business needs, job evaluation and market pricing exercises need regular reviews.
This factsheet introduces the fundamentals of job evaluation and market pricing. It gives guidance on choosing the right type (analytical or non-analytical). It gives examples of the sorts of factors job evaluation schemes often use. It highlights issues that organisations should consider when implementing their chosen job evaluation scheme. It outlines the different approaches to market pricing. It also offers information on the various sources of pay data.
This factsheet was last updated by Charles Cotton: Senior Performance and Reward Adviser, CIPD
Charles directs CIPD’s research agenda and public policy on performance and reward. He speaks for CIPD at government consultations on topics such as, pensions, retirement, CEO remuneration, low pay and employee tax.
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