Question

Appraisal system to assess the employee's performance on the job which determine the extent of perfection to which an employee does his/her job.

Answer 1

Steps Involved in Designing a Remuneration Plan

Job Analysis. .

Job Documentation.

Development of a Job Worth Hierarchy.

Pay Survey.

Pricing the Job: Establishment of Pay Ranges.

Pay Rates and Pay Increases.

Starting Pay for new Employees.

Employee Pay Increases.