...For useful Documents like this and Lots of more Educational and Technological Stuff Visit... www.thecodexpert.com LESSON: 10 Job Evaluation Learning Objectives: 1. To know basic approach to Job Evaluation. 2. To importance of Job Evaluation and its effectiveness. 3. To know the important methods of Job Evaluation. Now friends we will discuss about how jobs used to be evaluated in an organization; if somebody having any idea about it please start explaining it; this can be explained in the following way. Job evaluation is the process of analyzing and assessing the various jobs systematically to ascertain their relative worth in an organization. Job is evaluated on the basis of their content and is placed in the order of their importance. It should be noted that in a job evaluation programme, the jobs are ranked and not the jobholders. Jobholders are rated through performance appraisal. “Job evaluation is a process of finding out the relative worth of a job as compared to other jobs” Now, who is going to explain the objectives of job evaluation? The following objectives are derived from the analysis of the above-mentioned definitions: 1) To gather data and information relating to job description, job specification and employee specifications for various jobs in an organization. 2) To compare the duties, responsibilities and demands of a job with that of other jobs. 3) To determine the hierarchy and place of various jobs in an organization. 4) To determine the ranks or grades...
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...Questions: 1. Can you rank the projects simply by inspecting the cash flows? 2. What criteria might you use to rank the projects? Which quantitative ranking methods are better? Why? 3. What is the ranking you found by using quantitative methods? Does this ranking differ from the ranking obtained by simply inspection of the cash flows? 4. What kinds of real investment projects have cash flows similar to the cash flow below? Project Cash Flows Project Number Initial Investment (In thousands of dollars) Year 1 ($2.000,00) $330,00 $330,00 $330,00 $330,00 $330,00 $330,00 $330,00 $1.000,00 ...
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...ndIvIdual Performance revIew (IPr) Guidelines for Supervisors and employees September 2011 Human Resources IndIvIdual Performance revIew (IPr) 2 Table of conTenTS Individual Performance Review (IPR) Guidelines Definition of Terms CHaPTeR 1: Goals How it works CHaPTeR 2: RevIew How it works n Preparing for the meeting n In the meeting n after the meeting CHaPTeR 3: aPPRaIsal (YeaR-enD aPPRaIsal) How it works n Preparing for the meeting n In the meeting n after the meeting CHaPTeR 4: PeRfoRmanCe RankInG How it works n Preparing for the ranking panel n ranking panel session CHaPTeR 5: ouTComes How it works n Preparing for the discussion n discussion n Performance share nomination n Pay outcomes appendix - factors affecting Performance Ranking 3 4 5 5 6 6 6 6 6 7 7 7 7 7 8 8 8 8 9 9 9 9 10 10 11 within the objectives of simplifying and standardising Hr processes across the Shell Group, these global guidelines are distributed for adoption by Shell Group companies. any resulting changes to current practices may require, in some locations, compliance checks with local legislation and/or consultation with employee representative bodies. no rights can be derived from this guide and the process described within is not contractually binding in relation to terms and conditions of employment or agreements with Trade unions or Staff councils. This guide is intended for managers and employees of the Shell Group and is consequently for internal Shell use only...
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...information in job analysis to systematically determine the value of each job in relation to all jobs within the organization. In short, job evaluation seeks to rank all the jobs in the organization and place them in a hierarchy that will reflect the relative worth of each. There are four general job evaluation methods. Ranking method The description of each job being evaluated and arrange the jobs in order according to their value to the company. This method requires a committee – typically composed of both management and employee representative – to arrange join a simple rank order from highest to lowest. No attempts are made to break down the jobs by specific weighted criteria. The committee members merely compare two jobs and judge which one is more important, or more difficult to perform. Then they compare the other job with the first two, and so on until all the jobs have been evaluated and ranked. The most obvious limitation to the ranking method is its sheer inability to be managed when there are a large number of jobs. Other drawbacks to be considered are the subjectivity of the method- there are no definite or consistent standards by which to justify the rankings- and the fact that because jobs are only ranked in terms of order, we have no knowledge of the distance between the ranks. Factor comparison method: In this the entire job in mind as they evaluate; instead, they makedecisions on separate aspects, or factors, of the job. A basic underlying assumption isthat there...
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...made this facility a top 100 hospital. All papers must be submitted in the APA format, which includes title page and reference page, with APA formatted references. In Doc Sharing you will find additional Application Paper information for this assignment. There are a ton of factors that go into making a top 100 Hospital list for hospitals all across the United States. Hospitals that routinely give the best performance as far as patient care have to rank great in all areas of criteria. i.e. great results from procedures, satisfaction of patients, and above average survival rate for patients (Reed & May, 2011). Aside from voting and having surveys conducted by CEOs, for the past five years, Health Grades has conducted surveys displaying the top 50 Hospitals in America and it seems to be working out from a standard criterion standpoint (Allgeyer, 2011). Out of the top 50 hospitals, having a terrific staff like effective doctors and nurses also plays a part in the top 20 hospitals in America’s rankings. Saying of all that, the hospital that I chose to analyze in the top 20 list is John Hopkins Hospital, which is located in Baltimore, Maryland. This hospital stands out for one reason, because it had a stretch for 20 straight years of being voted the best hospital in America. No other hospital has ever been ranked the best for such a long period of time. On the top 50 list that I evaluated, John Hopkins Hospital ranked number...
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...WWF Project & Programme Standards Step 1.4 Define: Threat Ranking July 2007 Step 1.4 Threat Ranking Contents What Is a Threat Ranking?................................................................................................... 1 Why Is Threat Ranking Important? ..................................................................................... 1 When To Use Threat Rankings ............................................................................................ 1 How To Do a Threat Ranking ............................................................................................... 1 1. Determine the criteria for ranking .................................................................................................2 2. Apply the threat ranking................................................................................................................3 3. Sum up your threats across all targets to get an overall ranking for the site ...............................4 4. Classify each threat ......................................................................................................................4 Other Methods for Threat Ranking...................................................................................... 6 References............................................................................................................................. 6 Annex 1: Other Methods for Threat Ranking ...........................................................
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...Running Head: WEBOMETRICS RANKING AND RATING IMPROVEMENT 1 Webometrics Rating and Ranking Improvement as a Marketing Strategy Sintyadi Thong Universitas Mercu Buana WEBOMETRICS RANKING AND RATING IMPROVEMENT Abstract Webometrics (www.webometrics.info) has been used as one of the tools when making 2 decisions in choosing a University. When a prospect has several choices of Universities providing the same area of study, rating and ranking would come into consideration as the final – if not, an assessed weight in the decision making. Rating and ranking also shows the performance indicator and also shows how prestigious the University is. Through Webometrics, prospects can see the ranking of a University either regionally or internationally based on their rating, and the rating and ranking are updated periodically. Many Universities adopted this rating and ranking system on their own website as their marketing strategy to show that they are better than competitor Universities and the use of Webometrics can be analysed as it displays the University's prestige. This paper will discuss the us of Webometrics as marketing strategy by improving the University's rating and ranking in Webometrics. keyword(s): Webometrics, University rating, marketing strategy, web impact. WEBOMETRICS RANKING AND RATING IMPROVEMENT Webometrics Rating and Ranking Improvement as a Marketing Strategy 3 Over the past few decades, internet grows wider, information gathering has been made simple. People...
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...Abstract This paper supply practical experiences in analysis and evaluation proposed projects. In order to perform the organization’s objectives and strategic plan, the film division must analyze and evaluate seven proposed film projects in ranking priority system. Leadership of this organization only can choose from four to six feasible projects among these projects to produce during a year. I am supposed to be a member of priority team. In order to perform this task sucessfully, I frirsly understand clearly about the company mission. The company mission creates the value for shareholder by developing company to be one of the famous entertainment industry in the world from its excellent strategy . Evaluation and ranking will reply on the corporate ‘ must ‘ objectives and ‘ want’objectives. These projects will be ranked on the provided evaluation form. the project meets many the corporate objectives, it will increase points in ranking system. Company will determine feasible projects with high points to produce. This paper will show all processing of evaluation and gives the result of selected projects. Keywords : Projects; Mission; Objectives, Introduction The company is the film division for a large entertainment conglomerate that includes theme parks, home videos, a television channel, interactive games and theatrical productions. The company’s mission must create the shareholder’s value by developing to be the leading entertainment company over the world...
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...Before you begin this assignment, be sure you: 1. Have completed all previously assigned readings, particularly those assigned in Weeks 3 and 4 of the class. 2. Re-read the “UMUC Haircuts Case Study" and the Stage 1 & 2 assignments, and review the “Walmart Example.” 3. Review Instructor feedback from previous assignment submissions. Purpose of this Assignment This assignment gives you the opportunity to apply your knowledge of the course concepts to develop IT requirements for a technology solution. This assignment specifically addresses the following course outcomes to enable you to: * analyze internal and external business processes to identify information systems requirements * identify and plan IT solutions that meet business objectives Purpose of this Assignment This assignment gives you the opportunity to apply your knowledge of the course concepts to develop IT requirements for a technology solution. This assignment specifically addresses the following course outcomes to enable you to: * analyze internal and external business processes to identify information systems requirements * identify and plan IT solutions that meet business objectives Overview of IT Requirements for a System to Improve the Process at UMUC Haircuts For your Case Study Stage 1 assignment, you performed a Five Forces Analysis and justified Myra's chosen strategy for competitive advantage and the business process that she would like to improve through the application...
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...for EACH judge * Probability of reversal given an appeal for EACH judge * Ranking of each judge within each court. State the criteria you are using for your ranking AND provide the rationale for your choice. * Analysis: Who is doing a good job AND who is not? Why do you think so? Use your created ranking criteria to analyze the data 1. Probability of cases appealed and reversed in each court The Common Pleas Court, the probability of an appeal is 0.0401 Domestic Relation Court, the probability of an appeal is 0.00384 Municipal Court, the probability of an appeal is 0.00461 The unconditional probability of an appeal across all 3 courts is (1762/43945)*(198/43945) +(106/30945)*(17/30945) +(500/108464)*(104/108464) = 1.87*10^-4 2. Probability of case being appeal for each judge were given 5 columns of the table and it come out to this. (1762 +106+500)/(43945+30495+108464)=0.0129 3. For this case the judges were given 7 columns of the table. Judges Winkler Panioto, and Grady have to lowest probability of reversal for Common Pleas, Domestic Relations, and Municipal Courts. All of these are probabilities of reversal for all cases disposed of and not only for one appealed. 4. The probability for the reversal was given 9 columns for each judge. The judges Panioto, Grady/Hair, and Nurre are the lowest probability of reversal. 5. The Cincinnati Enquirer provided ranking for each judges within each of the courts on percentage of cases appealed, percentage...
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...Finance 475 Euroland Foods Case Spring, 2014 1. What are the various capital-budgeting tools currently used by leading firms? Define each, and discuss the accept/reject criterion for each. Which one is “best,” and why is it best? 2. Evaluate the capital-budgeting criteria of Euroland Foods on page 326. Their “Minimum Acceptable IRR” criterion is wrong. Why? Also, why is their criteria not a complete set of criteria with which to evaluate projects? 3. Evaluate the “Minimum Acceptable IRR” returns that Euroland uses for different types of projects. (See page 326.) When, if ever, should these returns be used as the hurdle rate instead of WACC? 4. Evaluate Euroland’s capital rationing. Do you agree or disagree with this policy? Why? If you disagree, then what policy should Euroland follow? 5. In Exhibit 3, rank order (from first to fifth) the five most profitable of the 11 projects, in accordance with correct, risk adjusted capital-budgeting criteria. State the NPV of each of the five projects. Explain your ranking criteria. (Note: create a table showing ONLY the five most profitable projects and their profitability; do NOT state any other projects.) 6. Did Euroland take risk into account in its capital budgeting? If so, how? Which project is the riskiest, and why? There are several reasons why the riskiest project is riskiest; name three reasons. 7. Which of the 11 possible projects was not evaluated in Exhibit 3? Why do you think it was not evaluated? Calculate...
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...Analysis SWOT Analysis | | | | | | | | Strengths/Weaknesses for | | | | | | | | LOW END SEGMENT | | | | | | | | | | | | | | | | STEP 2 | | STEP 3 | | STEP 4 | (Ranking: Customer Experience) | Crtical Success Factors | | Weighting | | Your Company | Company A | Company B | Company C | PRICE | | 53% | | 3 | 2 | 2 | 1 | AGE | | 24% | X | 1 | 3 | 4 | 2 | IDEAL POSITION | | 16% | | 2 | 1 | 2 | 2 | RELIABILITY | | 7% | | 1 | 2 | 2 | 1 | | STEP 5 | (Ranking: Competitive Standing) | | Your Company | Company A | Company B | Company C | | 1.59 | 1.06 | 1.06 | 0.53 | = | 0.24 | 0.72 | 0.96 | 0.48 | | 0.32 | 0.16 | 0.32 | 0.32 | | 0.07 | 0.14 | 0.14 | 0.07 | | 2.22 | 2.08 | 2.48 | 1.4 | | | | | | | | | | | Our company, Baldwin, ranks in 3rd in meeting the costumer’s buying criteria. Company C and Company A are ahead of us, while Company B is last. We will address this issue by bettering our prices, age, ideal position and reliability for Low-End segment. Lowering our cost of the products, investing in research and development, upgrading technology and reliability are some of the many ways in remedying our rank in the costumer’s buying criteria. Once we earn rank 1 in the costumer’s buying criteria, we will maintain this position by always being a step ahead of our competitors. Some of the many ways are investing in marketing and offering better prices. We can further improve our strengths to...
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...Executive summary Management Concerns in 2011 Vitality Health Enterprises, a medium-sized firm that manufactures health and personal care products, has experienced six straight quarters of strong revenue growth. James Hoffman, the new Senior Vice President of Human Resources, fears that the chain of success is shifting the company's focus away from effective performance management. Recently, Vitality has been faced with increasing turnover among the company's talented research scientists that may be due to a performance management system that leaves top performing employees slighted by the practice of uniform ratings. In an effort to retain top employees, the company institutes a forced distribution model of performance rankings, moving from an absolute ranking system to a relative one. Hoffman and his performance management evaluation team must assess the practical and strategic effectiveness of the new system and present their findings and recommendations to the Board. Original Performance Management System (Till 2009) Due to decreasing earnings in 2009, the company decided to adopt a new business strategy that would focus on:- 1. Adopting cost-cutting measures 2. Reviewing the current performance management system and making it coherent so as to increase employee accountability and motivation Till 2009, the company used a PMS which had 13 different rating levels (A-E and pluses and minuses) and managers were asked to rate employees on the scale based on their individual...
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...Dan Hannah, Vice-President of business development for Ruth’s Chris, developed a criteria of metrics that were critical for Ruth’s Chris success in order to narrow down potential markets for the future global expansion of the company. The four variables he identified were: 1) Beef Consumption Per Capita (kg), since the majority of their customers were beef eaters 2) Population 3) Urbanization Rate, as restaurants needed to be in a densely populated area 4) Per Capita GDP (PPP in US$), an average meal would cost an average of $70 USD. These variables were weighed to determine which country would be most favorable as a new market. The methodology behind this Perhaps a great indicator of success in another country would be their economic state and ease of doing business. The World Bank issues an ease of doing business index which ranks economies from 1 to 183, with first place being the best. A high ranking (a low numerical rank) indicates that the regulatory environment is conducive to business operation. The index strongly favors Singapore as the strongest The second variable included in this analysis is the Population below Poverty Line Percentage. This variable could be useful to determine whether the residents of each country have the means to go out to dinner at an upscale steakhouse. The data is taken from the CIA World Factbook and are national estimates of the percentage of the population falling below the poverty line are based on surveys of sub-groups, with the...
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...Your goal is to rank each value in its order of importance to you for each of the two lists. Study each list and think of how much each value may act as a guiding principle in your life. To begin, select the value that is of most importance to you. Write the number 1 in the blank space next to that value. Next, choose the value is of second in importance to you and write the number 2 in the blank next to it. Work your way through the list until you have ranked all 18 values on this page. The value that is of least importance to you should appear in Box 18. When you have finished ranking all 18 values, turn the page and rank the next 18 values in the same way. Please do each page separately. When ranking, take your time and think carefully. Feel free to go back and change your order should you have second thoughts about any of your answers. When you have completed the ranking of both sets of values, the result should represent an accurate picture of how you really feel about what’s important in your life. A Comfortable Life _____ a prosperous life Equality _____ brotherhood and equal opportunity for all An Exciting Life _____ a stimulating, active life Family Security _____ taking care of loved ones Freedom _____ independence and free choice Health _____ physical and mental well-being Inner Harmony _____ freedom from inner conflict Mature Love _____ sexual and spiritual intimacy National Security _____...
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