Job evaluation and grading diagnosis
The Job Evaluation (JE) process conducted by the Korn Ferry (KF) Consultants is based on 3 major factors of a job, viz., know-how, accountability and problem solving (not the current pay level), to measure the size of the specific job (in scoring points) as well as the relativities between jobs on a geometric scale with each step difference represents a 15% difference.
The KF Consultants then adopts a systematic process for ranking jobs logically and fairly by comparing job against job or against its pre-determined scale, KF Reference Levels (KFRLs), to determine the relative importance of jobs to an organization.
The JE process then enables KF Consultants to:
Based on the JE results, all jobs will be classified in the KF matrix table to reflect internal equity. An adaptive grading structure can then be designed by taking into consideration factors such as current challenges, internal relativity, market practice, competitiveness and sustainability. The proposed grading structure will serve as a basis in pay benchmarking and pay structure development.
Benchmarking study
KF Consultants conducted a market benchmarking exercise to evaluate the University’s present pay level and pay administration including but not limited to grading structure, pay range, allowances, variable pay, pay mix, pay policies, pay administration and annual adjustment mechanism for teaching and non-teaching staff.
Apart from collecting such information from peer UGC-funded universities, the KF Consultants also conducted a pay level analysis for non-teaching staff based on its general market database in Hong Kong.
This website uses Cookies, including Cookies from Google Analytics, to ensure you get the best browsing experience. If you “Continue” to use this site, you consent to the use of Cookies. Read more about Cookies