Job evaluation has some importance and features as follows:
1.Job evaluation helps to rate the job
Job evaluation is a technique which helps to rate the job in terms of complexities and importance. It rates the job but the job holder. This helps determining and fixing wages accordingly.
2. Job evaluation helps to determine pay structure
Job evaluation is a consistent and rational process of determining wages and salary structure for various level of jobs. Internal and external consistencies are analyzed in order to determine wage levels.
3. Job evaluation helps in bringing harmonious relation between labor and management
Job evaluation brings harmony and good labor relation through eliminating wage inequalities within the organization.
4. Job evaluation helps to minimize the cost of recruitment and selection
Job evaluation helps in keeping down the recruitment and selection costs as it assists in retaining employees. It means, job evaluation inspires for keeping down the labor turnover, as a result of which there will be less need of new recruitment. Moreover, due to systematic analysis of various aspects of jobs, recruitment and selection can be made by matching the qualification and candidate.
5. Job evaluation helps to differ job other than skills
Job evaluation considers risks and other factors of job rather than skills in order to determine the worth of jobs. Hence, jobs are no longer differentiated with skills.
6. Job evaluation helps to determine the cost and rate of production
Job evaluation determines an efficient wage structure according to workload, hence, worker's productivity will be increased thereby increasing the rate of production.
7. Job evaluation helps to determine the requirement of training and development
Job evaluation identifies training and development requirements by comparing the complexity and importance between various jobs. Highly complex and critical job exposes training need.
8. Job evaluation helps to minimize cost
Through the productivity enhancement and increasing the rate of production, the per unit cost of an output is minimized or reduced.