Job evaluation and market pricing
Understand the fundamentals of job evaluation and market pricing, as well as how to choose and install the right scheme for your organisation
Understand the fundamentals of job evaluation and market pricing, as well as how to choose and install the right scheme for your organisation
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 fair and competitive pay. 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 of evaluation (analytical or non-analytical) and provides 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 and outlines the different approaches to market pricing. Also included is information on the various sources of pay data.
Unlock exclusive, tailored content and resources, just for members.
Sign in to accessNot a member yet? Find out how you can become a member today!
Tackling barriers to work today whilst creating inclusive workplaces of tomorrow.
Discover our practice guidance and recommendations to tackle bullying and harassment in the workplace.
The CIPD Good Work Index provides an annual snapshot of job quality in the UK, giving insight to drive improvement to working lives
While offering different pay methods could be a boost for employees, we need to ensure there are no unintended consequences
An overview of the purpose and benefits of HR policies and how to implement and communicate them effectively throughout an organisation
Explores the benefits of workforce planning, the activities involved and the stages of the workforce planning process
Learn the fundamentals of disciplinary and grievance policies and practices in the workplace
Understand what employee relations means as a concept and what it means to employers