Comparison of the Different Methods of Job Evaluation Method HAY Factors TOWERS WATSON MONKS Depth Knowledge &

; Skill Knowledge Measures the Knowledge - Knowledge Qualification, Experience, Depth breadth & depth of knowledge required to do the job Breadth Knowledge - Breadth Knowledge & Skill Breadth Specialist Skills Acquired through natural ability, training experience, or practice. Including basic skills such as driving, pilot or a Professional Accountant. People Skills Knowledge Internal Resources & Responsibility People Skills. Line Team People Management Management, Communication Communication & Influence and Influence (Internal & Internal / External external) Freedom to Innovation Innovation Customer Service. Extent to Think Communication which role has impact on Communication services provided to customers Communication Frame Problem Solving outside of the organisation, distinguishing between job holders with direct & indirect impact on customer service. Complexity Innovation - Complexity MERCER

Know - How

Problem Solving

Accountability

Decision Making Financial Size

Impact - Contribution Impact - Organization

Decision Making Achieving Organizational Goals

Decision Making Creative Thinking Seeing the big picture, thinking ahead, developing and implementing new ideas.

Financial Impact

Impact Impact

Resources & Responsibility Financial Accountability

Hay Method: Invented in 1950, 3 main factors and 8 sub factors. If we get 3/8 correctly in know how the job can be evaluated. Hay came up with a factor in 1970 after Mercer introduced Risk and called it Working Conditions. This is not used as of now since it generates very low points. Hay has levels after evaluation P1, P2, Level, A1, A2 etc. Mercer Method: Invented in 1970. 5 main factors and 12 sub factors. If we get 5/10 correctly the know how part will be done and evaluation almost accurate. New factor introduced by Mercer is Risk which is no longer used by any evaluators or methods since all companies are now meeting international standards and hence no points for it. Mercer has position classes after evaluation. Towers Watson : Was Tower Perrin and Watson Wyatt before but now merged as Towers Watson. Invented in 1980. They had 6 big factors and 11 sub factors. If we get 7/11 correctly, the know-how part becomes correct and evaluation almost accurate. They also have levels after evaluation like Hay. (Hay Level 4 = Towers Watson Global Grades) Monks Method: Competency based on only six factors and tested in a wide range of organisations for more than 10 yrs. Based on the relative worth of skills and competencies both to the organisation and in the employment market. The length of the scale for each factor reflects the range of competence that exists amongst all of the jobs in the organisation.