Report
On
Compensation
Prepared by
Sadikchya
Acharya
Submitted to:
Amit Sharma
King’s
College
International
American University
In
partial fulfillment of the requirements for the degree of
Masters
of Business Administration(HRM)
Introduction
Paired
Comparison Method
One very efficient,
effective, and low-cost method of ranking jobs is the paired comparison. As the
name suggests, using this system, you compare each job to every other job. It
is a ranking style program, and is slightly quantitative, unlike “pure
ranking.” With paired comparison you end up ranking all jobs from high to low.
Process is being repeated until and unless every job is compared with another
job.
·
It compares with every individual in the
team depending upon the appraisal and giving the best.
·
It is considered to be reliable as it
follows the systematic method of comparative evaluation.
·
This techniques is best when
organization plans to give appraisal to the best employee in the team
How
Paired Comparison Works
As can be seen in the
table below, each job in the left hand column is compared to each job across
the top. If the job in the left hand column ranks higher than the job across
the top, it gets a “2.” If it ranks lower, a zero. Then the numbers are totaled
across for total points and ranking is set accordingly.
In the table below There
are six employee Alia, Sonali, Rabina, Pratyusha, Jahanavi and Ramesh which are
being compared with each other through paired comparison method and at last
ranking is set according to the given numbers. Here I have set 2 to be the
highest number and 0 to the lowest.
Job
Reference
|
Alia
|
Sonali
|
Rabina
|
Pratyusha
|
Jahanavi
|
Ramesh
|
Total
score
|
Ranking
|
Alia
|
-
|
0
|
1
|
0
|
1
|
0
|
2
|
5
|
Sonali
|
2
|
-
|
2
|
2
|
2
|
2
|
8
|
2
|
Rabina
|
1
|
0
|
-
|
1
|
1
|
0
|
3
|
4
|
Pratyusha
|
2
|
0
|
1
|
-
|
2
|
0
|
5
|
3
|
Jahanavi
|
1
|
0
|
1
|
0
|
-
|
0
|
2
|
5
|
Ramesh
|
2
|
2
|
2
|
2
|
2
|
-
|
10
|
1
|
Result
·
Employee with the best marks are
considered to be the best performer in this case Ramesh is the best performer
whereas, Sonali is the second best performer and Pratysha third on the list.
·
Employees with the low marks are
considered to be the low performers whereas in the job reference we can see
Rabina and Alia are the lowest on the rank and they are low performers.
Drawback:
It becomes unwieldy
when comparing with five or more than six jobs or employee.
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