Business Daily from THE HINDU group of publications Saturday, Jun 16, 2007 ePaper |
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Info-Tech
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Human Resources Watson Wyatt unveils job grading system Anjali Prayag
Bangalore June 15 Determining salaries and job roles for people moving across industries and countries has been a tough task for HR managers. Seeing an opportunity here, global human capital consulting firm Watson Wyatt India has launched a global grading system with a 25-grade job hierarchy structure with the process enabled by software. "It is a global methodology for job levelling which helps in determining career structure across industries and cultures," said Mr Rusell Huntington, Director, Asia-Pacific Data Services.
Defining job roles
Mr Huntington said that the system is used to define job roles and in determining compensation for executives. "The aim is to reinforce a benchmark level description to provide a measurement that would be globally applicable," he added. The system establishes a ceiling for the top job in the organisation and hence, for all jobs. The top job is assessed based on various factors such as number of employees, market complexity, business diversification and turnover. The job map distributes jobs across 25 grade structures.
Different geographies
Therefore, companies hiring executives from different geographies and industries can use the job map and the grading methodology to determine where the executive stands. The methodology is supported by a software that allows companies to set up the global grading system. Consolidated from Watson Wyatt databases around the world, the Global 50 Report provides graded compensation information for 50 countries across the Asia-Pacific, West Asia, Africa, Europe and America.
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