How Determine Factor Point &Weights Objectively: A New Method

摘要：

Two main shortcomings of traditional point factor methods developed during World War II: (1) The determination of factor level & weights is absent in objectivity; (2)The important influence of external labor market on internal labor market price fluctuations has long been ignored. This paper forwards a new method to Solving above shortcomings. The main steps of new method are: (1) select some representative jobs in a firm; (2) collect average salary information of representative jobs during past recent 3 or more years; (3) assign value to point factor methods factor point &weights cyclically; (4)compute proportion structure of representative jobs average salary; (5)compare ratio of deviation between step(3) and (4); (6)repeat above steps until ratio of deviation of step (5) reaching target value such as 20%. New method solves two main shortcomings of traditional point factor methods by using external labor market price information.

作者: Wang Lingfeng

作者单位: School of Business,Guilin University of Electronic Technology,Guilin,P.R.China,541004

会议类型: 国际会议

会议名称: The 7th International Conference on Innovation and Management(第七届创新与管理国际会议 ICIM 2010)

会议地点: 武汉

会议语种:英文

页码: 2014-2017

在线出版日期: 2010-12-04（万方平台首次上网日期，不代表论文的发表时间）