Explain the factors used in job pricing

Reference no: EM133620382

Problem: Determining the value of work is critical to setting pay rates. After the job analysis and writing the job description, the human resources compensation specialist determines the process to apply to perform the job evaluation and compensation. Address the following: Explain the factors used in job pricing. What are compensable factors, and how are they applied in determining pay ranges? Discuss the point and job content methods, and give an example of how each is applied in determining compensation. What would you recommend an organization use to define compensation for a customer service representative?

Reference no: EM133620382

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