Day: February 12, 2022

TYPES OF PERFORMANCE RELATED PAY SCHEMES. The following are the forms of performance related pay: – Individual Bonus Group Bonus/Team based pay Profit sharing Executive bonus schemes Competency based pay INDIVIDUAL BONUS SCHEME. This is merit pay or bonuses based Read More …

JOB EVALUATION Definitions Job evaluation is the name given to any activity, which sets out to make a systematic comparison between jobs to asses their relative worth, for the purpose of establishing a rational pay structure. Job evaluation is the Read More …

How to create a good survey instrument Most custom surveys start with these basic elements: Job Title: sounds simple, but as you’ll see in a minute, it’s very important. Benchmark Job Duty Features: The most important element. These are the Read More …

ESTABLISHING COMPETITIVE MARKET RATES Introduction. One of the hardest jobs in managing employees is making sure they’re happy. Although there are many aspects to creating happy employees, a fair and competitive wage is still the number one yardstick in measuring Read More …

REWARD POLICY GUIDELINES Definitions Reward – a one-time cash or non-cash award for significant outstanding performance. Defined Reward Program – a documented reward program developed, communicated, and implemented in consultation with the Office of Human Resources (OHR) for a particular Read More …

A procurement plan is a document prepared by each procuring entity annually to plan for all procurement requirements necessary to perform the activity plan for the procuring entity. A procurement plan contents include: 1. A detailed breakdown of required goods, Read More …

Profiling will involve analyzing all your procurement packages and putting them into four groups taking into consideration the value of the procurement packages and the degree of difficulty in procuring the packages as shown in (a) above: Procurement Profile details Read More …

Grouping is to Separate and group together of goods, works, services and consultancies. As a general rule these should not be mixed in procurement except in special cases where they are inseparable. Consider also the cost and the difficulty in Read More …

Knowledge of the scheduling of procurement requirements and of the timeline of each key milestone in the evaluation and selection process (duration of the evaluation process, approval requirements, contract negotiations, etc.) is crucial to effectively package procurement requirements. What is Read More …

Process by which procurement requirements are divided into lots to segregate into smaller packages or packages that requires specific set of qualifications Considerations for Division into Lots The division of a procurement requirement into lots, which could otherwise be procured Read More …