JOB EVALUATION PROJECT REPORT FOR A PHARMACEUTICAL COMPANY IN NIGERIA

INTRODUCTION

Job evaluation is a method for comparing different jobs to provide a basis for grading and pay structure. It is an assessment of the relative worth of various jobs on the basis of a consistent set of job and personal factors, such as qualifications and skillsrequired and it aims at determining which jobs should get more pay than others. Several methods such as job ranking, job grading and factor comparison are used in job evaluation. Research indicates, however, that each method is nearly as accurate and reliable as the other in ranking and pricing different jobs. Job evaluation forms the basis for wage and salary negotiations. 

Job evaluation intends to evaluate the job, not the job holder, and to provide relatively objective means of assessing the demands of a job. It can be beneficial when the existing grading structure is in need of review and establishing or maintaining the credibility and acceptability of a grading system. Job evaluation also facilitates the accommodation of new or revised jobs into the grading structure and can be used by organizations as a basis for job matching and external pay comparisons.It is also a mechanism for establishing agreed differentials within organizations and is broken down into non-analytical and analytical schemes.