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Point-method job evaluation system

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XYZ Inc., a mid-sized company (employs over 300 employees) in Oshawa, Ontario, wants to ensure that its pay systems are internally equitable, and externally competitive in the labour market. The CEO, who believes the organization's compensation system can help achieve its goals, has hired you to re-design the base pay for the jobs of XYZ. The company has about seventy jobs (Production, Marketing, Sales, Finance, HR, and other administrative jobs), some of which are predominantly male and female jobs. Currently, all base pays of the employees were established based on what the candidate asked for and the CEO's/HR Manager's limited understanding of the market.

Question 1a. Using a point-method job evaluation system, discuss how you would go about establishing a base pay for XYZ Inc., that is internally equitable, and externally competitive.

Reference no: EM132887921

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