ISBN 9780749454760,Valuing Roles: How To Establish Relative Worth

Valuing Roles: How To Establish Relative Worth



Kogan Page Limited

Publication Year 2008

ISBN 9780749454760

ISBN-10 0749454768


Number of Pages 336 Pages
Language (English)


Even among organizations that do not claim to have a formal basis for establishing individual or job worth, decisions about where and how to place individuals within an organization are taking place all the time. Typically this includes a view about the relative worth of the job as well as the job holder. This is where job evaluation comes in.

Job evaluation is about making decisions on the relative worth of the job to the organization. There are many different ways of doing it - from the very simple to the extremely sophisticated. This book covers the whole spectrum of how organizations value jobs - what is taken into account, and the benefits and risks of different approaches. It recognizes that organizations have different drivers that will influence the decision about which type of approach to use.

Valuing Roles offers practical advice on how to determine employee worth, as well as how to structure and implement methods that recognize it. The book highlights the benefits and risks of the different approaches business can use, putting job evaluation into perspective and demonstrating how it links to other people, pay-related processes, systems and policies, ensuring a transparent framework for talent management.

Valuing Roles thoroughly examines the "why" and "how" behind the concept, providing:

Essential advice and techniques on how to measure the relative value of people
practical methodology for ensuring fair and equitable outcomes at all levels of the business
Highly topical coverage of critical issues including equal pay and market pricing
An analysis of the latest trends in role valuation

Written by two highly experienced practitioners, the authors use the latest research on this hugely important topic to offer practical and applicable advice to all those who deal with job evaluation as part of their role. Acknowledging that there is a diverse range of organizational factors that influence choice, and that there is unlikely ever to be a standardized approach to assessing roles, they present a number of alternative models.

The book includes a wide range of case studies including a number of international ones, flowcharts, checklists, templates, and an analysis of a job evaluation survey carried out in 2007 by e-reward. It is essential reading for managers, HR professionals and all those involved in reward and people management.

About The Author
Michael Armstrong is a Companion and former Chief Examiner of the Chartered Institute of Personnel and Development (CIPD), joint managing partner of e-reward and an independent management consultant. He is the author of the best-selling A Handbook of Human Resource Management and Practice, (also published by Kogan Page), now in its tenth edition, and has sold over 500,000 copies of his books worldwide.

Ann Cummins is a management consultant specializing in reward and performance management. Previously a partner at international human resources consultancy Towers Perrin, she has consulted through her own company, Humanus, for the last eight years. Ann previously collaborated with Michael Armstrong on the book Job Evaluation.

Table of Contents
Part I: The process of role valuation
Valuing roles: approaches and issues
Role valuation: methodology
Part 2 : Developing job evaluation
Choice of approach
Developing a formal job evaluation scheme
Rolling out, implementing and maintaining job evaluation
Designing a point-factor job evaluation scheme
Designing a matching job evaluation scheme
Market pricing
Consultants' schemes
Part 3: Applications of role valuation
Equal pay
Developing grade and pay structures
International job evaluation
Part 4: The practice of job evaluation
Job evaluation in action
Case studies in job evaluation
Trends and issues in role valuation