M2 part 3

Question 1

Market based Job Eval and Pay Structure Advantages

Answer 1

Simple to adminiser, Easy to explain, not overly time consuming compared to other methods, responsive to market, high degree of transparency

Question 2

Market based Job Eval and Pay Structure Disadvantages

Answer 2

May be difficult to obtain sufficent data, any market inequities are built in (new jobs that are over paid etc), not defensible on job content basis, may not be aligned with internal equity