11.07.2015 Views

13 Chapter 2: Critical Literature Review 2.1 ... - Dissertation

13 Chapter 2: Critical Literature Review 2.1 ... - Dissertation

13 Chapter 2: Critical Literature Review 2.1 ... - Dissertation

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

50between the evaluators are not comparable with each other, there is a huge possibility ofbiasness, and inequity may enter the system.The market pricing system stresses on the external markets which include jobs, teams,and groups, which are factors compared with internal aspects. However, careful measures mustbe taken in order to make sure that jobs are comparable with each other. The advantages of thisapproach are its quick procedures in the job market, the market facing validity of employees, andmarket data being available in abundance (Heneman, 2003). Similarly, the disadvantages of thisapproach are measurement and sampling errors, the difficulty in locating market data, andpossible discriminatory practices.Another system that is widely used in the job evaluation is banding and it takes placewhen the jobs are grouped together and certain bands are formed. These groups are arranged inranks and are placed in different bands. The advantages of this approach are that it is easy toproduce, it allows the organization to be flexible, and minimum administration is required in it.However, the disadvantages of this method are that differences among groups can be ignored andit may invite different inequity perceptions (Heneman, 2003). The classification method definesthe value of the people and the work with the written standards. The factors are classified in thisprocess and evaluation is done on the basis of classification. The advantages of this method areits easy formation of structure, the explicit values designed in this process, among others.However, the disadvantages of this approach are that it creates hierarchies within organizationsand it requires extensive amount of administration. Besides those, there are certain other systemssuch as point factor system, factor comparisons, competencies, and so on.There are certain major perspectives that are involved in this research which are criticallydeveloped to conduct the entire research and frame its literature. These major perspectives are

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!