Wednesday, September 7, 2016

Paired Comparison Method/ Compensation


Report
On
Paired comparison Method”
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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