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How Heavy Is A Job?: A Critical Survey of Job Evaluation as a Payment Device

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Listed:
  • Monojit Chatterji
  • Stephen Devlin

Abstract

This paper provides a summary of the purpose, practice and history of job evaluation in its primary role as a compensation system. It critically reviews the implicit assumptions made in the construction and application of the procedure with specific reference to PwC’s evaluation of the salary structure of the Welsh Assembly in 2004.

Suggested Citation

  • Monojit Chatterji & Stephen Devlin, 2011. "How Heavy Is A Job?: A Critical Survey of Job Evaluation as a Payment Device," Dundee Discussion Papers in Economics 259, Economic Studies, University of Dundee.
  • Handle: RePEc:dun:dpaper:259
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    File URL: http://www.dundee.ac.uk/media/dundeewebsite/economicstudies/documents/discussion/DDPE_259.pdf
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    References listed on IDEAS

    as
    1. Evan Tanner, 2001. "Exchange Market Pressure and Monetary Policy: Asia and Latin America in the 1990s," IMF Staff Papers, Palgrave Macmillan, vol. 47(3), pages 1-2.
    2. Spanos, Aris & Taylor, Mark P, 1984. "The Monetary Approach to the Balance of Payments: A Critical Appraisal of Some Empirical Evidence," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 46(4), pages 329-340, November.
    3. Hallwood, C. Paul & Marsh, Ian W., 2004. "Exchange market pressure on the pound-dollar exchange rate: 1925-1931," The North American Journal of Economics and Finance, Elsevier, vol. 15(2), pages 249-264, August.
    4. Weymark, Diana N., 1995. "Estimating exchange market pressure and the degree of exchange market intervention for Canada," Journal of International Economics, Elsevier, vol. 39(3-4), pages 273-295, November.
    5. Wilford, D Sykes & Zecher, J Richard, 1979. "Monetary Policy and the Balance of Payments in Mexico, 1955-75," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 11(3), pages 340-348, August.
    6. Pentecost, Eric J. & Van Hooydonk, Charlotte & Van Poeck, Andre, 2001. "Measuring and estimating exchange market pressure in the EU," Journal of International Money and Finance, Elsevier, vol. 20(3), pages 401-418, June.
    7. Godwin Chukwudum Nwaobi, 2003. "The Balance Of Payments As A Monetary Phenomenon:An Econometric Case Study Of Nigeria," International Finance 0307001, EconWPA.
    8. Girton, Lance & Roper, Don, 1977. "A Monetary Model of Exchange Market Pressure Applied to the Postwar Canadian Experience," American Economic Review, American Economic Association, vol. 67(4), pages 537-548, September.
    9. Connolly, Michael & Dantas da Silveira, Jose, 1979. "Exchange Market Pressure in Postwar Brazil: An Application of the Girton-Roper Monetary Model," American Economic Review, American Economic Association, vol. 69(3), pages 448-454, June.
    10. Gochoco-Bautista, Maria Socorro & Bautista, Carlos C., 2005. "Monetary policy and exchange market pressure: The case of the Philippines," Journal of Macroeconomics, Elsevier, vol. 27(1), pages 153-168, March.
    11. Connolly, Michael & Taylor, Dean, 1976. "Testing the Monetary Approach to Devaluation in Developing Countries," Journal of Political Economy, University of Chicago Press, vol. 84(4), pages 849-859, August.
    12. Magee, Stephen P, 1976. "The Empirical Evidence on the Monetary Approach to the Balance of Payments and Exchange Rates," American Economic Review, American Economic Association, vol. 66(2), pages 163-170, May.
    13. Baig, Mirza Allim & Narasimhan, V. & Ramachandran, M., 2003. "Exchange market pressure and the Reserve Bank of India's intervention activity," Journal of Policy Modeling, Elsevier, vol. 25(8), pages 727-748, November.
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    More about this item

    Keywords

    job evaluation; compensation systems;

    JEL classification:

    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • J33 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Compensation Packages; Payment Methods

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