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Compensation is possibly the most important thing HR has to get right. Underpay people and they'll be unhappy or leave. It's also wrong. Overpay people and EVERYONE is going to want a raise to match and your compensation costs are going to rise. Job evaluation is how we make sure employees are paid fairly and equitably based on some rational means of comparing. It's not about how the wind is blowing today. And it's foundational to HR. Robert Mosley, worked for Hay (the leading job evaluation methodology) and walks us through how we size a job. Here's a sample of what you'll learn in this episode: 🟰 Job evaluation and sizing are the same thing. #️⃣ 'Sizing' is assigning points to jobs and 'grading' is lumping ranges of points together for an manageable compensation system. 4️⃣ There's four common job sizing methodologies. Pick one and use it. It might seem expensive up front, but it manages the risk of getting comp wrong. 0:00 Intro 1:14 What is job evaluation? 2:38 Sizing versus grading 4:28 What about the person and the job market? 10:20 Getting to compensation after sizing and grading 11:30 Sizing methodologies 15:01 Inputs to the process 16:11 Do you have to update the job description? 17:14 Who should do it 19:45 The output 21:36 Final advice (and it's good!) Find Robert at robert@lemon-pip.com Find me (Andrea) at www.thehrhub.ca. I'm an HR consultant as well as YouTuber and provide a wide range of consulting support.