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Federal Reserve Bank of St. Louis

MANUAL OF JOB EVALUATION

A description of the procedure followed

in developing and installing a Job Evaluation

Program during the period May, 1946 through
August, 1947.

FEDERAL RESERVE BANK
OF ST. LOUIS


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Federal Reserve Bank of St. Louis

TABLE OF CONTENTS

Introduction......................................
1
Historical Development ........................................................................ .... 2
Duration and progress of the Study ...............................................................
5
Organization Procedure .................................................................................. . . 6
Analysis .............................................................................................................................
7
Coverage..............................................................................................................
9
Evaluation Committee ................................................................................................
9
Method of Evaluation.........................................................
10
Maintenance....................................................................................................................... 17
Computation of Labor Grades ............................................................................. 21
Establishment of Salary Structure ........ ........................ 25
Salary Structure..............................................................
27
Salary Administration ............................................................................................ 28
General Policy ........................ , ............................. ....... 28
Over-Maximum Cases ..................................................... .......29
Under-Minimum Cases ....................................................................................... 29
Transfer ........................ . .................................. ......... 30
Promotion .................... .......... ......................... ...30
Upward Job Re-classification ..............30
Downward Job Re-classification ............. 30
Re-assignment Resulting in Downward
Re-classification ........................ ............ 31
Demotion for Cause....................................................
.31
Merit Review ..,.,,,., .......................................................... 32
Merit Increases .................................................................................................... 32
Increases Beyond Established Maximums . ............................. . . 33
Sub-Minimum Salaries................................................
33
Salaries of Part-Time Employees ....................................... .... 33
Salary Surveys.................................................................................
33

Appendix I - Reference Manual for Job Analysts ... .................... 34
Appendix II - Graphic presentation ............................................................... 73
Recommended Salary Curve for Federal Reserve Bank
of St. louis, October 1, 1947 ..................................................... 74
Recommended Salary Ranges by Grade for Federal
Reserve Bank of St. Louis, October 1, 1947 ......................... 75

Appendix III - Job Classification Sheet

Rev. 2-1-49

................................................. 76


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Federal Reserve Bank of St. Louis

MANUAL OF JOB EVALUATION

INTRODUCTION
The primary purpose of the job evaluation program under­
taken at the Federal Reserve Bank of St* Louis has been to pro­
vide an objective basis for measuring the content of jobs and
for comparing the relative values of jobs* The result is a
catalogue of jobs arranged and indexed by numerical values
which permit comparisons*

No perfect measure of job values has as yet been devised*
The method which is described here and which has been employed
in measuring job values in this bank and branches is not a per­
fect measurej however, there is every reason to believe that
this measure will serve our purposes adequately if it is prop­
erly and conscientiously applied* The success of any method of
job evaluation depends to a large extent upon good administra­
tion* If the principles and rules laid down here are followed
intelligently and with a sincere desire for fairness and equity,
the bank will have a sound basis for salary administration, and
the bank and its employees will find satisfaction with the sal­
ary structure establishedo
Employees will benefit primarily by having clearly as­
signed duties, a fairly and uniformly administered promotional
program and a definite salary range for each job which will be
in keeping with the salary range for other jobs of equal diffi­
culty* The bank will benefit from reduced turnover, improved
employee morale and by the possession of data by which intelli­
gent decisions can be made in assigning job duties, considering
salary advances and promotions, and in arranging job content to
meet changing circumstances without distorting the salary struc­
ture of the bank*

The continuing benefits of the program depend upon the
manner in which it is administered by the job evaluation commit­
tee and the supervisory personnel of the bank* Department man­
agers, assistant department managers, and other supervisory per­
sonnel have within their power the ability to use this program
to their benefit or to abuse it to their detriment* Honest,
fair and consistent application of the rules set forth herein
will result in the expected benefits* Misuse of this program
may result in temporary benefits to one or a few individuals
but will result eventually in loss of benefits to the bank and
to the employees as a whole*
A survey conducted in 1946 by Princeton University of
seventy-odd firms who had used job evaluation for five or more

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Federal Reserve Bank of St. Louis

years developed the information that those programs which sur­
vived the trying war years were programs which had been admin­
istered flexibly rather than rigidly^ The rules laid down
herein should, then, be applied in the light of changing circum­
stances and from the viewpoint of fairness and consistency
rather than from the viewpoint of blind and rigid application of
arbitrary determinations.,

HISTORICAL DEVELOPMENT
The Federal Reserve Banks have had a job classification
program in effect since 1936, This plan, known as the Form A
Plan, was revised in 1942 and continued in effect until the in­
stallation of the present plan, The Form A Plan was a classifi­
cation plan in the true sense of the word in that it involved
broad, general descriptions of duties and a relatively small num­
ber of different jobs. For instance, all typists were classified
as junior or senior typists regardless of what other content the
jobs might possess beyond typing. This plan did not make any
clear-cut distinction between job values in a numerical or point
sense. The Board of Governors of the Federal Reserve System ap­
proved the establishment of maximum salary limits for each job,
and in order for a bank to establish a new job it was necessary
that approval of the Board of Governors be obtained.
For several years the subject of revision of this plan
had been discussed at the semi-annual meetings of the Personnel
Sub-Committee of the President’s Conference, The individual banks
recognized deficiencies in the classification plans under which
they operated and desired a new plan which would permit defining
of comparative job values more accurately than did the Form A
Plan,

At the Dallas meeting of the Personnel Sub-Committee in
October, 1945, also attended by the Director of the Division of
Personnel Administration of the Board of Governors, the banks
jointly agreed and recommended that each would undertake an evalu­
ation program which would embody the following principles:

1, ’’The Operation of Job Evaluation Plans,” Industrial Rela­
tions Section, Department of Economics and Social Institutions,
Princeton University, Princeton, New Jersey (1947) p0 15.

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Federal Reserve Bank of St. Louis

a*

A point method would be applied as opposed to the
former classification system,

bo

Jobs would be analyzed in accordance with reorgan­
ized practices, and job descriptions written which
would reflect more accurate analysis of duties being
performed than the broad Form A classification de­
scription.,

a*

Each bank would individually approach the problem
and would independently develop a system of evalua­
tion which would meet its particular needs,

d«

Each bank would undertake a salary survey of the
going rates of progressive firms in the community
for jobs in each community in which a bank or its
branches was located,

e.

The banks would, through the Personnel Sub-Committee,
coordinate their individual evaluation programs so
that jobs of equal difficulty from bank to bank fall
into the same labor grades,

fo

Each bank would establish a salary structure which
would take into account the difficulty of the job
and the going rates in the community,

go

Each bank would submit to the Board of Governors for
approval a comprehensive evaluation, salary structure
and administration plan which the Board of Governors
could approve for that bank and its branches, When
such a plan was approved, the banks could establish
and evaluate new jobs or change jobs and make the
salary schedules on those jobs effective without fur­
ther reference to the Board of Governors insofar as
they observed the principles of job evaluation. In
the event salary conditions in a community should
change materially and a bank desired to raise or
lower its general salary basis it would be necessary
for a bank to apply to the Board of Governors for ad­
d i t i onal appr ovals,

h,

It was agreed that a salary range would be establish­
ed for all jobs and that the maximum of this salary

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Federal Reserve Bank of St. Louis

range would be approximately 35% above the minimum
of the range®
At the next meeting of the Personnel Sub-Committee in
July, 1946, which was held in St® Louis, Mr® Samuel L® H® Burk3
an authority in the field of job evaluation, addressed the com­
mittee and further recommended the establishment of 18 salary
grades by the banks as a basis for standardizing the program®
At this meeting, the groundwork was laid for each bank to proceed
with its program along the lines indicated above® Subsequent
meetings of the Personnel Sub-Committee were primarily for the
purpose of coordinating the installation of the program among the
several banks and for the purpose of advising the several banks of
certain requirements of the Board of Governors regarding the pro­
gram.
At the Committee meeting in St® Louis, mentioned above, a
representative of the Board of Governors stated that the Board
would prefer a single, nationwide salary structure, a grade 4
job, for instance, to fall within the same salary range in New
York as it does in San Francisco, St, Louis, or anywhere else®
The individual banks questioned the practicability of such a plan
and recommended that salaries for a given bank or branch be re­
lated to community salaries® It was agreed that the Sub-Commit­
tee was to attempt to bring about such reasonable modifications
of each bank’s salary structure as to result in the fewest possi­
ble number of salary structures commensurate with significant com­
munity differences across the country®

On July 2, 1947, the Board of Governors advised all banks
by letter that it had approved minimum and maximum salary ranges
within ■which any one bank could establish its salary structure®
This plan provided a measure of uniformity among the salary
ranges of the various banks, and also permitted each bank to es­
tablish a salary structure based upon the local market. This tab­
ulation of allowable differences in salary ranges is included in
the section on ’’Establishment of Salary Structure,”

1.

Co-author, with Eugene J® Benge and Edward N® Hay, of ’’Manual
of Job Evaluation,” Harper Bros®, New York and London, 1941®

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Federal Reserve Bank of St. Louis

DURATION AND PROGRESS OF THE STUDY

This study was undertaken in May, 1946, by Mro Ho Ho
Weigel and Mro Jo Ho Gales, Assistant Vice Presidents of the bank,
with the assistance of Mr0 Jo Ko Gerdel as Consultanto As out­
lined here in details a program to acquaint all personnel with
the purposes and procedures of the study was initiated in May and
June of 1947o Analysts were selected and trained during June and
Julyo

The months of August, 1946, through March, 1947, were
spent in interviewing employees, analyzing jobs and writing job
descriptionso Concurrently a job evaluation committee was organ­
ized to evaluate performance elementso
Between April and July, 1947, final job descriptions and
values were re-checked and coordinated with department managerso
Also during this period, tentative grade lines and a salary
structure were discussed, coordinated with Mr« Mo Ro Lohman, Con­
sultant in Job Evaluation to the Board of Governors, and finally
set® The Management Council too> final action July 17, 1947, on
recommending a salary structure for this bank to the Board of
Governors o
During November, 1946 and April, 1947, extensive salary
surveys were conducted in Sto Louis and branch labor market areas,
the data assembled being included in the "Salary Survey Data” pre­
sented as another section of this manualo _
.
This report is being submitted as of August 1, 1947O On
this date arrangements have been made for maintenance of the pro­
gram with the following personnels
Mro Willis Lo Johns,
Mro Walter Fo Davisson,
Miss Nedra Peck,
Miss Nancy McDaniel,
Mro Ben Monaghan,
Mro Oscar Smith,

Overall Coordinator
Chief Analyst, Sto Louis
Assistant, Sto Louis
Job Analyst, Little Rock Branch
Job Analyst, Memphis Branch
Job Analyst, Louisville Branch

Pending approval of the recommendations regarding this
program which are being made to the Board of Governors, it is
planned to formally install the program in the Sto Louis bank and

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Federal Reserve Bank of St. Louis

branches as of October 1, 1947,

ORGANIZATION PROCEDURE

An outline of the program to be undertaken was contained
in a memorandum from the President of the Federal Reserve Bank of
Sto Louis, which was sent to all officers, department managers,
and assistant department managers on May 27, 1946.
This memorandum is quoted in full in the appended Manual
for Job Analysts for the purpose of indicating the approach which
was made to the pr ob 1 em ,

The members of the management council of the St« Louis
bank believed that no job evaluation program would be successful
if it did not have the wholehearted confidence and support of all
of the employees of the bank, It was, therefore, agreed that
every effort should be made at all stages of the program to keep
all employees advised regarding the various stages of the program.
The first step in this direction was initiated by a memorandum
from Mr, Davis dated June 27, 1946, to all employees which is also
quoted in the appended Manual for Job Analysts,
Between May 27 and June 27, 1946, a group of analysts were
selected from among the employees of the St, Louis bank and
branches. The analysts were chosen not only on the basis of compe­
tence but in consideration of the fact that they were believed to
have the confidence of their fellow workerso Branch managers were
informed of the inception of the program and were requested to send
analysts to St, Louis for training.

Meetings were held with officers, department managers, as­
sistant department managers and other supervisory personnel to
fully inform them about the program, to answer any questions which
they might raise regarding the program and to encourage them to
feel that the program was their own and for their benefit, A re­
quest was made for their cooperation in the ensuing stages of the
program, and it can now be said that splendid cooperation was
given by the supervisory group. In addition, similar meetings
were held at each branch, and the same purposes accomplished.

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Federal Reserve Bank of St. Louis

ANALYSIS

The following comprises the list of analysts who were
initially assigned to the programs
Sto Louisa
Mr* Charles Hodgson - Interviewer and Employee Counselor,
Personnel Departmento
Mro John Jo Hofer
- Assistant Manager, Accounting Depto
Miss Gertrude Krausnick - Labor Market Analyst, Research Depto
Mr® Lo Wo Siddall
- Supervisor, Issue Division, Fiscal
Agency Depto
Miss Eleanor Stifel = Interviewer and Employee Counselor,
Personnel Depto
Mr« Harold Welkner - Supervisor, Check Collection Depto
Little Rocko

Mr<> Wo Jo Bryan
- Manager, Accounting Department
Miss Nancy McDaniel - Secretary.,
Louisvilleo

Mro Oscar Ho Smith - Assistant Manager, Accounting Department
Mro Louis Oo Stiles - Manager, Safekeeping Department.

Memphis o
Miss Fo Dell Craig
Mro Bo Bo Monaghan

- Senior Clerk, Accounting Departmento
- Manager, RoFoCo Depto & Safekeeping,

Subsequently, Mro Walter Davisson was added to this staff
as a permanent analysto Mro Welkner and Mr® Hodgson left the
services of the bank before the completion of the program, and
Mro Hofer was withdrawn for other services late in 1946.

Between the dates of June 17 and July 9, 1946, Mr® Gerdel
conducted an intensive training program for analystso The train­
ing program included two daily two-hour sessions, morning and
afternoon, and reading and practice assignments to cover the bal­
ance of the time. Following is an outline of the training programs

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Federal Reserve Bank of St. Louis

1. Interview with each analyst.
a. General explanation of program,
b. Exploration of capacity of each analyst0
a. Agreement on participation,

2, Interviewing techniques,

3, Functional charts.
4, Organizational charts.
5o Composition of job descriptions.

a.
b.
Co
d.
e,

Functional statement,
Delineation of tasks,
Estimates of task percentages,
Interviewers check list,
Standard terminology.

6, Coordination,

a.
b.
a.
d.

Prior to interview,
To clear questions,
For technical approval,
For administrative approval.

7, Practice Jobs,

a. Group,
bo Individual

Upon completion of trainings the branch analysts returned
to their respective branches, and all analysts began the task of
interviewing employees. It should be noted at this point that it
was decided that as part of the informative program, each employee
would be interviewed regarding the duties he was performing,
This assured that information obtained would be uniform, specific
rather than general, and that each employee would have an oppor­
tunity to learn more about the program and gain a sense of partic­
ipation in it. The job descriptions which were written on the
basis of these interviews were then cleared with the appropriate
supervisory and executive personnel so that all concerned could be
satisfied that the descriptions written were a fair and accurate

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Federal Reserve Bank of St. Louis

presentation of the work performed..

COVERAGE

The Board of Governors stipulated that the job evaluation
programs to be installed by the several banks should cover all
employees except officers of the bankso In this bank and branches
we have analyzed, described and evaluated all administrative,
clerical, maintenance and service jobs® These jobs include those
performed by all personnel employed by the bank with the excep­
tion of President, Vice Presidents, Assistant Vice Presidents,
General Auditor, General Counsel, Branch Managers, and Assistant
Branch Managerso
EVALUATION COMMITTEE

The job evaluation committee was appointed for the pur­
pose of placing values on performance elements and to act in an
advisory capacity on any subject which might arise in respect to
evaluation of jobso
The evaluation committee was composed of three officers,
five department managers, and one assistant department managero

The members of the committee are?
Mo
E.
J,
Fo
Jo
So
Do

Lo
Ro
Jo
Lo
Ho
F«
Mo

Wo

Lo

Ho

Ho

Jo

Ko

Bennett, Assistant Manager, R®F®C® Department.
Billen, Manager, Check-Collection Departmento
Christ, Manager, Fiscal Agency Departmento
Deming, Manager, Research Departmento
Gales, Assistant Vice Presidento
Gilmore, Assistant Vice Presidento
Lewis, Manager, Bank Relations Departmento
Johns, Manager,Personnel Department, Secretary®
Weigel, Assistant Vice President, Chairman®
Gerdel, Consultant, Advisory Member®

The committee was given final authority and responsibility
to place values on performance elements and to decide other ques­
tions of evaluationo Review authority and responsibility was re­
served to the Management Council only in the event the evaluation
committee could not reach satisfactory agreement. The final au­
thority for over-all review of program recommendations to the

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Federal Reserve Bank of St. Louis

Board of Governors was also reserved to the management councils

METHOD OF EVALUATION

No one method of job evaluation was stipulated by the
Board of Governors to be used by the respective bankso Each bank
was given the responsibility of individually developing its own
job evaluation method* the only limitations being?

ao Evaluation be based upon complete and competent analy­
sis and description of jobs* and
bo That evaluation be expressed in terms of a point
rating scale0
In Sto Louis consideration was given to several predeter­
mined point plans of evaluation and to the factor comparison methodo Both of these plans are in use in other Federal Reserve
Bankso The basis of both of these plans is that job values should
be measured in terms of the minimum qualification required of the
worker who is to perform the jobo

Another method of evaluating jobs is to look not to the
qualifications required for the work which is done, but to look
directly at the work itselfo Traditionally,, employers have set
wages in relation to?
ao The going market rates for occupationso
bo The supply of and demand for workers capable of satis­
factorily performing a given occupation
Co An estimate of the value which that individual will add
to the product of the company, or the value of the serv­
ices which he renders in a non-productive capacityo

After a review of these several methods* the management
council of the Federal Reserve Bank of Sto Louis determined to
base the job evaluation method employed here upon what is done
rather than upon worker qualificationso In order to make this
concept workable* it was necessary to break our jobs into elements,
each element representing a single type of activity0 These then
became performance elements, a single simple activity which could
stand by itself as an element of work performedo
(Another section
of this manual is a list of the performance elements established
for this bank and their values)o

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Federal Reserve Bank of St. Louis

In order to establish point values for these elements,
the following procedure was used?

a« A job evaluation committee was appointedo
(See section on ’’Evaluation Committeeo” )
bo In order to establish point values, a monetary scale
related to rates of pay in effect at the time the pro­
gram was under study was establishedo The monetary
scale was used merely as a yardstick to determine rel­
ative values, and lost its identity immediately upon
determination of a job step assigned to a performance
element and the conversion of that step into points as
will be discussed in paragraph ”c”o

(The scale adopted, which conformed closely to going rates
in the Sto Louis bank at the time of adoption, is as follows?

Job Step
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17

Minimum

Maximum

1200
1440
1650
1860
2100
2400
2700
3000.
3300
3600
3900
4200
4560
4920
5280
5700
6500

cx>

1201
1441
1651
1861
2101
2401
2701
3001
3301
3601
3901
4201
4561
4921
5281
5701

Spread
on

240
210
210
240
300
300
300
300
300
300
300
360
360
360
420
800)

co After appropriate instruction in the method, members of
the job evaluation committee were individually given
lists of performance elementso They were instructed to
consider each element independently, as if it were a
full-time occupation in itself and as such to express an
opinion regarding which step would accommodate the jobe

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Federal Reserve Bank of St. Louis

For instance9 if the performance element were "copy types
memoranda from penciled drafts” a member of the committee
might feel that a fair rate for the job would be about
$1,500 per year, in which case he would assign a step
value of 3 to the jobo Another member might feel that the
job were worth $1,800 per year, in which case he would as­
sign a job value of 4, The rating sheets were then
routed to the chief job analyst who consolidated the fig­
ures and determined the amount of spread in the ratings,
“Where this spread exceeded three adjacent grades, a meet­
ing of the job evaluation committee was called, and the
elements were discussed by the group as a whole, in an
effort to reduce the spread to within the three-step area0
In every case the committee was successful in arriving at
satisfactory compromises in these cases, No requirement
was established that committee members completely agree on
a single step for each elements Whenever agreement fell
within three adjacent steps, the ratings obtained were
averaged to determine the element value, This provided a
series of element ratings expressed in terms of a princi­
pal digit and two decimals, as for instance, 6,22,

do The job descriptions obtained were written with a time
breakdown of tasks performed expressed in percentage termso
For instance, a job of Stenographer might be expressed as
follows:

lo
2O
3<»
4O
5,

Takes dictation, 20^o
Transcribes notes, 40%,
Does miscellaneous copy typing, 20%,
Files correspondence alphabetically, 10%,
Manually posts time records, 10%,

(The above is not intended as a sample job description;
much more detail was required in the actual write-upso How­
ever, for the purposes of illustrating this method, the
above is an example of the type of percentage breakdown
used by the bank in this program,)

In most instances, more than one performance element ex­
isted in a single task (each item listed above representing a
task,) Therefore, in order to arrive at a job value, the perform­
ance elements in a given task were identified, the numerical

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Federal Reserve Bank of St. Louis

values averaged and multiplied by the percentage value to indi­
cate the task value, The job value is the total of the several
task valueso

A sample job description with its performance elements
identified and evaluated follows?
Personnel Department,,
Job #17o

Page.

Under general supervision of Personnel Clerk and immedi­
ate supervision of Secretaries, serves as Page and performs re­
lated clerical dutieso
lo Manually slits sealed envelopes of incoming mail (ex­
cept personal); removes enclosures and time stamps with machine,
envelopes and enclosureso Receives outgoing mail from Secre­
taries; seals unsealed mail with wet sponges hands to Pageo
05^

20 Receives and dispatches pneumatic tube carriers, Re­
moves material from Officer’s ’’Out” baskets and makes proper dis­
tribution,,
25%

3c Runs errands in and out of building as instructed., 15%
4O Files correspondence alphabetically and in date order.
Files and maintains currently in loose leaf binders, regulations.
laws, and other administrative and instructural material.
10%
5e As instructed by Secretary, types list of material from
"Out" basket of First Vice President and disposition to be
made
35%

6, Performs other miscellaneous duties?
a. Removes material for current day from suspense
file and hands to Secretary,
bo Maintains current list of par banks by manually
listing new par banks and canceling banks re­
moved from par list; obtains information from
memorandums,

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Federal Reserve Bank of St. Louis

c, Answers telephone during absence of Secretaries,
signaling officer or taking message,
do Examines stock of supplies weekly and types re­
quisitions for needed supplies, supplying cor­
rect unit number; has Secretary sign requisition
and personally delivers to Stock Department,

e, Types form letters occasionally,

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Federal Reserve Bank of St. Louis

ILLUSTRATION OF METHOD OF ELEMENT IDENTIFICATION
AND JOB EVALUATION OF JOB OF PAGE (JOB 17)
PERSONNEL DEPARTMENT, FEDERAL RESERVE BANK OF ST. LOUIS
Task
No.

El.
No.

El.
Vai.

1.

684

- Manually opens incoming
mail, both ordinary and
registered.
- 5.55

1081

- Hand Stamps time re­
ceived on correspondence,
applications, etc.
- 2.87

51

Av.
Vai.

Task
%

- Seals envelopes man­
ually.
- 2.77

11.19 ; 3 = 3.73 x .05 2.

107

52

3.

4.

1475

87C

1713

Task
Vai.

- Attends one pneumatic
■tube station, receiv­
ing and forwarding
tube carriers.

.187

- 2.44

- Carries addressed correspondenee, reports
and other records and
papers from one point
to another within bank. - 2.33
..4.77 1 2 : 2.39 x .25 -

.596

- Runs errands as in­
structed both in and
out of building.

2.22 x .15 -

.333

10.53 - 2 - 5.27 x .10 =
o

.527

- 2.22

- Files correspondence,
reports, forms, signa­
ture or inventory cards,
or cash letters alpha­
betically, chronologically
or numerically.
- 4.09
- Maintains currently in
looseleaf binders,
regulations, laws, and
other administrative
and instructive material“ 6O44

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Federal Reserve Bank of St. Louis

ILLUSTRATION OF METHOD OF ELEMENT IDENTIFICATION
AND JOB EVALUATION OF JOB OF PAGE (JOB 17)
PERSONNEL DEPARTMENT, FEDERAL RESERVE BANK OF ST. LOUIS
Task
No.

El.
No.

5.

1714

6.

1615

El.
Vai.
- Types list showing
disposition of mate­
rial being routed.

’ 1^

- Removes correspond ­
ence requiring atten­
tion from return- towriter file.

- 5.25

Av.
Vai.

Task
%

Task
Vai.

4.22 x .35 • 1.477

1715C - Maintains current
record on status of
banks in District.
(Par, Non-Par, Member,
Non-Member, etc.)
- 6.45

169C - Answers telephone,
directing calls to
proper individual.

- 4.25

181C - Fills in or types
requisition for
supplies.

- 4.17

645

- Types letters and
memoranda from long
hand copy and sample
form letters.

- 4.66
24.78 * 5 = 4.96 x .10 = .496

Totals Final point value

100%

3.62 Pts»

3.62 x 100 - 362 points..

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Federal Reserve Bank of St. Louis

MAINTENANCE

The activities of the Federal Reserve Bank of Stp Louis
and branches are in no sense statico Both function and volume
shift with changes in legislation, economic activity, and other
circumstances. The jobs performed in the bank change with the
changing functions of the bank itself. During the war years.
Fiscal Agency and Reconstruction Finance Corporation activity
were at a high level. Following the war the volume of these activ­
ities decreased, and consequently, there was a reduction in the
number of employees assigned to these functions. This contraction
resulted in a fewer number of employees, but the number of differ­
ent tasks performed by these employees was approximately the same
as the number of tasks which had been performed by the larger
forces during the war. The effect was to change the content of
the jobs of the employees who were retained.

It may reasonably be anticipated that additional changes of
both expansive and contractive natures will take place in the fu­
ture, It is not enough that the jobs of the bank have been studied
and classified. Re-study and reclassification must become a perma­
nent, continuing activity. To insure that re-evaluations and eval­
uations placed upon new jobs will be consistent with existing eval­
uations, the following procedure is established?
a. The job evaluation committee is to continue its
function as a deliberative body, While most of
the performance elements pertinent to bank
operations have been valued, it is likely that
from time to time additional elements will
require evaluation. In such event the same
procedure should be followed which was used during
the installation of the program,
1, New elements should be listed and distributed
to the members of the committee with an appro­
priate memorandum attached indicating that the
elements require evaluation,
2, In the event that all members of the committee
rate the elements within a span of three steps,
the average rating will serve as the element
value.
3, In the event that the members of the committee

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Federal Reserve Bank of St. Louis

do not rate within a span of three steps,
it will be necessary to call a meeting of
the committee to reconcile differences®

4®

In order that the value of the originally
determined steps does not rise or fall, as
viewed by the members of the Job Evaluation
Committee, it will be necessary for the chief
analyst to check the ratings of new perform­
ance elements against established ratings for
similar performance elements® If there is
any evidence of out-of-line ratings, the chief
analyst should call this to the attention of
the committee and request reconsiderationo
This procedure will assure continuing consistencyo

bo The position of chief analyst has been established
for the purpose of coordinating the maintenance of
this programo The chief analyst will conduct a peri­
odic desk audit in the following manner:

lo Approximately one-twelfth of the jobs in the
bank are to be re-checked monthly®

2O The chief analyst will review with the em­
ployee the existing job description covering
that employee’s dutieso
3® In the event any significant change has taken
place, a new description will be written®

4O This description will be coordinated with ap­
propriate administrative and official in­
dividuals®
5® The job will be re-valued®

60 If the re-evaluation requires a change in
grade, both the department manager and in­
terested officer will be notified so that
they may recommend such personnel action as
they deem appropriate.,

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Federal Reserve Bank of St. Louis

7O Recommendations for re-classification of
employees from one grade to another will
be submitted to the officers’ personnel
committee for approvalo It is important
that a follow-up be established by the
officers’ personnel committee on all
changes in classification, In the event
a job value is changed to a lesser job
value resulting in a degrading of the job
to a lower labor grade, no action may be
required if the incumbent’s salary is still
within the maximum of the range established
for the lower labor grade, However, if the
incumbent’s salary is in excess of the max­
imum established for the lower labor grade,
it may be desirable to effect a transfer of
the individual or a re-assignment of duties
commensurate with his salary within some
definite period of time; for instance,
thirty days0 In the event the re-assignment
of a job causes it to be raised to a higher
labor grade, the incumbent may require an
increase in salary to meet the minimum of
the new labor grade, This has the affect of
promoting the individualo However, there
may be other individuals who, by reason of
seniority,merit, or for other considerations,
are more worthy of the promotion than the
incumbent of the jobo Therefore, salary
increases based upon an upward change in re­
classification are not to be automatic. De­
partment Managers and interested officers
will be notified so that they may determine
whether the incumbent should be granted the
increase or whether the incumbent should be
transferred to another position consistent
with his present salary, and whether some
other employee should be promoted to the
new job. In order that appropriate action
is taken, the officers’ personnel committee
will establish a follow-up on all changes in
evaluation which result in a change in grade.
For purposes of administration, the chief
analyst is given the responsibility of noti­
fying the officers’ personnel committee of

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19

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Federal Reserve Bank of St. Louis

necessary action© (See section on
’’Salary Administration.,”)

co The status of the job evaluation program as it
affects department managers, will be reviewed with
them semi-annually for the purpose of keeping them
informed of the values of the positions for which
they are responsible and for the purpose of keeping
them interested and aware of the administrative
value of the evaluation program©
do Department Managers have been notified and will be
re-notified semi-annually of the necessity for advis­
ing the chief analyst of the establishment of a new
position or a significant change in an existing
position© Upon receiving such advice, the chief
analyst will re-study the position involved, write a
new job description, and evaluate or re-evaluate the
jobo

e0 The chief job analyst will maintain a close coordi­
nation with the Department of Operations-Analysis
and Planning for the purpose of semi-annually re­
constructing organizational charts for each depart­
ment© These organizational charts will be coordi­
nated with department managers and interested
officers as a part of the semi-annual review pro­
gram mentioned above, and will reflect the compar­
ative grade status of the jobs included on the charts©

f© The chief job analyst will semi-annually compute the
comparatio for the bank and for each department©
This information will be made available to the Depart­
ment of Operations-Analysis and Planning and will pro­
vide a basis for the semi-annual review with the
department managers©
The compa-ratio is computed in the following manners

1© For the numerator of the ratio, take the sum of all
the salaries in the department©

2© For the denominator, take the sum of the mid-points
of the ranges for all employees© The resulting

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Federal Reserve Bank of St. Louis

fraction, multiplied by 100., is the compa­
ratio®
COMPUTATION OF LABOR GRADES
The evaluation of jobs in terms of performance elements
results in a point value being assigned to each jobo Other
Federal Reserve banks, using other methods are also assigning
point values to each job® The diverse methods used by the sev­
eral banks has resulted in unequal point values for similar jobs
in different bankso A problem, therefore, arose in complying
with the directive of the Board of Governors that jobs of equal
difficulty, bank to bank should fall in the same labor grade®
To solve this problem, the Sub-Committee on Personnel
selected 27 job descriptions from the Philadelphia Bank and dis­
tributed copies to each of the Federal Reserve Banks with the re­
quest that each bank assign point values to the jobs, using its
own method of evaluation® This data was then statistically ana­
lyzed and compared® The analysis resulted in the establishment of
a conversion scale for each bank® The conversion scales estab­
lished were keyed to a common scale which best fitted the dis­
parate scales of all the banks, bringing all of the separate
scales into a common scale® Each bank was permitted to vary its
grade points from this common scale by only a limited amount, any
variations being primarily for the purpose of meeting local condi­
tions® The grade structure thus derived established point limits
for each grade®

The grade structure based upon the Sub-Committee study for
this bank is as follows?

1® Hay, Edward N® ’’Assuring Equal Pay for Equal Work”, National
Office Management Association ’’Proceedings, 27th Annual Con­
ference”, Philadelphia, 1946, p® 54®

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Federal Reserve Bank of St. Louis

Federal Reserve Bank’s Plan
Grades - St* Louis

Grade

Fo Ro Board Point Range

Sto Louis Point Range

1

336-360

270-320

2

361-387

321-369

3

388-416

370-427

4

417-447

428-494

5

448-480

495-564

6

481-515

565-639

7

516-554

640-734

8

555-595

735-817

9

596-639

818-914

10

640—686

915-1024

11

687-737

1025-1139

12

738-791

1140-1264

13

792-850

1265-1417

14

851-913

1418-1499

15

914-980

1500-

16

981-1053

17

1054-1131

18

1132-1217

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Federal Reserve Bank of St. Louis

The grade structure for this bank exhibits two peculiar­
ities:
(1) We have a much lower point value for Grade 1 jobs
than other bankso This is due in part to the fact that we are
including service jobs in our regular scale while some banks are
not, and in part because it was agreed to reserve step 1 on the
rating scale to certain service jobs using step 2 as the lowest
rating step for clerical jobs®
(2) Our point curve, as compared
to that of other banks, rises steeply at the upper end, result­
ing in a relatively few number of points in Grades 14 and 15 as
compared with the common scaleo This is due to the nature of
our measuring scale, which effectively set 1800 points as the
maximum we then contemplated assigning to any non-official job®
With that thought constantly in mind, there was a tendency on
the part of the evaluation committee to reserve an area of ap­
proximately 2 steps for the ratings on the more difficult and
important elements,

A further factor contributing to this result was the deci­
sion to have the jobs of department managers, assistants and a
few others in the higher grades rated by the management council
rather than by the regular evaluation committee. It was felt
that such action would preclude any thought that evaluation com­
mittee members might be swayed in their evaluation by possibil­
ity of personal gain. This decision resulted in very few ratings
by the evaluation committee in the two top steps of the rating
scale.
After consultation with Mr, Lohman, in which these practi­
cal considerations vrere thoroughly discussed, it was determined
to make a slight modification of the Sub-Committee recommendation
bo adjust for local peculiarities of our method of evaluation.
In making this adjustment we attempted to:

(1) Retain a grade structure which very closely ap­
proximated the Sub-Committee recommendation;

(2) Maintain a reasonably smooth and regular progres­
sion of point values from grade to grade;
(3) Establish a structure which would be defensible
from both statistical and logical standpoints. We believe that
we have successfully accomplished these purposes. The resulting
grade-point structure is as follows;

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Federal Reserve Bank of St. Louis

Minimum
Fo Ro Variation
to
Board in Minimum
Maximum Spread Scale
Points

Grade

St0 Louis
Point Scale

Progression

1

169-319

151

150

270-320

2

320-369

50

49

321-369

—1

3

370-425

56

55

370-427

0

4

426-488

63

62

428-494

-2

5

489-558

70

69

495-564

—6

6

559-635

77

76

565-639

-6

7

636-719

84

83

640-734

-4

8

720-810

91

90

735-817

-15

9

811-908

98

97

818-914

-7

10

909-1015

107

106

915-1024

-6

11

1016-1133

118

117

1025-1139

—9

12

1134-1265

132

131

1140-1264

=6

13

1266-1409

144

143

1265-1417

*1

14

1410-1567

158

157

1418-1499

-8

15

1568-1740

172

172

1500-

16

1741-1940

173

199

17

1941-2160

200

219

18

2161-2430

220

269

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Federal Reserve Bank of St. Louis

ESTABLISHMENT OF SALARY STRUCTURE

Another section of this manual contains an exhaustive
analysis of salary survey data upon which the salary structure
for the bank and branches has been predicated® A comparison of
the data collected in ^t. Louis and the data collected in the
several branch cities shows that there is a relatively small dif­
ference between the salaries paid for comparable jobs in St®
Louis, Louisville, and Memphis® The salaries paid for comparable
jobs in Little Rock are consistently less than salaries paid in
the other cities; however, this difference is so small that it
appears desirable from the standpoint to administration to estab­
lish one salary structure to cover the bank and branches®
Several conditions were considered in establishing the
salary structure for this bank?

Io = In a letter of June 17, 1947, the Board of Governors
stated, ”lt is noted that the Presidents are of the opinion that
pay scales for jobs at each bank should be comparable to rates
paid in the respective cities by the progressive industrial, com­
mercial, financial and utility enterprises in those cities® It
appears that they are in agreement that the Federal Reserve banks
should be in line with the leaders in salary administration in
their respective areas, and that, in general, the midpoint of the
salary range of the respective Reserve banks should be in the next
to the highest quarter bracket of the quality community rate
structureo”

2® - Our analysis of salary survey data has permitted a
plotting of the median of all industry rates (progressive indus­
trial, commercial, financial, and utility enterprises)o This
plotting and those discussed below are presented on charts ap­
pended hereto®
3» - The data has also permitted a plotting of all industry
third quartile rateso
4O - Also plotted on this chart is the line representing
salaries paid in the St® Louis bank as of June 1, 1947O

5® - In a letter dated July 2, 1947, the Board of Governors
stated, ’’The spread between the highest and lowest maximums and

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Federal Reserve Bank of St. Louis

between, the highest and lowest minimums of each of the sixteen
grades should not be more than 25^" In the same letter the fol­
lowing tabulation was given showing the allowable salary spread
under this plans

Grade
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16

Lowest
Minimum

$ 1140
1260
1380
1560
1740
1920
2100
2280
2580
2880
3180
3480
3900
4300
4800
5400

Highest
Minimum

Lowest
Maximum

$ 1500
1680
1860
2040
2280
2520
2760
3060
3420
3800
4200
4600
5200
5700
6400
7200

$ 1560
1740
1920
2100
2340
2580
2820
3060
3480
3900
4300
4700
5300
5800
6500
7300

Highest
Maximum
$ 2040
2280
2520
2760
3060
3420
3700
4100
4600
5100
5700
6200
7000
7700
8700
9700

60 - In the same letter it was suggested that the minimums
and maximums be rounded off to $60©00 annually for minimums and
maximums up to ^3,600, and to $100o00 annually on minimums and max­
imums above that amounto

7o - In a memorandum dated May 10^ 1947, from Robert No
Hilkerts Chairmans Job Evaluation Committees to all members of the
Job Evaluation Committees it was statedy ’’The recommended salary
grades, <> o » © © o should be (constructed) with their respective
recommended minimum and maximum salaries indicated, limited to a
spread of approximately 35%, rounded off in dollar units appro­
priate for salary administration©’’

In view of all of these considerations an experimental line
was plotted on the chart mentioned above running from the all in­
dustry third quartile at the midpoint of grade 1 to the all indus­
try median at the midpoint of grade 16o An inspection and statis­
tical comparison of this line with common area rates and with ex­
isting rates within the bank indicated that the line closely

—

26

—

Salary range effective 2-1-49 (with mid-point adjusted
to nearest $60 multiple for the purpose of salary
administration).

Grade
1
2
3
4
5
6
7
8
9,
Management Council 10
Approval
11
12
13
14
15
16


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Minimum

Maximum

Mid-Point

1320
1440
1620
1800
1980
2220
2460
2760
3060
3360
3700
4100
4600
5300
6100
7200

1800
1920
2160
2460
2700
3000
3300
3700
4100
4600
5000
5500
6200
7200
8200
9700

1560
1680
1920
2160
2340
2640
2880
3300
3600

. . "3930
4350
4800
5400
6250
7150
8450

8R-1414

OFFICE

M E M 0 RAN D U M

To:

All Officers and Department Managers

From:

Personnel

Date: May 23, 1957

Subject: Job Evaluation Manual, Page No® 2?

There is attached Job Evaluation Manual, Page No® 27 revised to show
our new salary structure which will become effective July 1, 1957®

Will you please substitute this page for the present page in your Job
Evaluation Manual and also change the minimums and maximums on your
present job classification sheets to conform with the revised salary
structure®


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Federal Reserve Bank of St. Louis

approximated a desirable rate.structure. The line so plotted permitted
the establishment of salary ranges which were well within the minimum and
maximum ranges authorized by the Board of Governors.
Two minor modifications of this line were made - incidental to the
establishment of our original salary structure on October 1, 19h7»
(1)
In order to establish a #,200 per annum minimum salary within the bank
for full-time employees, the recommended median line was lifted slightly
above the all industry third quartile point at the midpoint of grade 1.
(2) In order to establish a $7,3?OO maximum salary in grade 13 (the top
grade being used by the bank for evaluated jobs in the original study)
the recommended median line was brought slightly below the all industry
median line on the chart at the midpoint of grade 13.

The following minimums and maximums of each salary grade in our
salary structure are effective as of July 1, 1937. This schedule super­
sedes the salary structure originally established on October 1, 19h7,
and amended on February 1, 19119, June 1, 1930, November 1, 1930, May 1,
1932 and January 16, 1936.

SALARY STRUCTURE

ST. LOUIS AND LOUISVILLE

July 1, 1937

Grade
1
2
3
li
3
6
7
8
9
10
11
12
13
11
15'
16

Median

Minimum

Maximum

Point Range

2U60
2790
2970
3180
3180
3780
11080
l;3oo
11980
31180
6100
6780
7580
83hO
9600
10770

2100
21i00
2320
2700
2910
3180
31180
3 b 00
11200
1700
3200
3800
6Ll00
7300
8200
9200

2820
3210
3120
3660
11000
1300
1700
3100
5700
6300
7000
7800
8700
9900
11100
121100

169-319
320-369
370-125
126-188
189-558
559-635
636-719
720-810
811-908
909-1013
1016-1133
113U-1263
1266-1809
1110-1567
1368-17110
1711-1910

Rev. 7-1-37


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

- 2? -

approximated a desirable rate structure.
The line so plotted permitted
the establishment of salary ranges which were well rd.thin the minimum and
maximum ranges authorized by the Board of Governors*

Two minor modifications of this line were made incidental to the
establishment of our original salary structure on October 1, 1967*
(1)
In order to establish a $1,200 per annum minimum salary within the bank
for full-time employees, the recommended median line was lifted slightly
above the all industry third quartile point at the midpoint of grade 1*
(2) In order to establish a $7^600 maximum salary in grade 16 (the top
grade being used by the bank for evaluated jobs in the original study)
the recommended median line was brought slightly below the all industry
median line on the chart at the midpoint of grade 16*

The following minimums and maximums of each salary grade in our
salary structure are effective as of January 16, 1966*
This schedule
supersedes the salary structure originally established on October 1, 1967,
and amended on February 1, 1969, June 1, I960, November 1, I960, and
Fay 1, 1962*

SALARY STRUCTURE
ST. LOUIS AND LOUISVILLE

January 16, 1966
Grade

1
2
3
6
6
6
7
8
9
10
11
12
13
m
15
16

Median

Minimum

2660
2680
2760
29110
3180
31120
3720
6O8O
66oo
6ooo
66oo
6180
68110
77110
8790
9870

2100
2220
23110
2660
2700
2880
3120
31180
3800
6200
6800
6300
6800
6600
7500
86oo

Rev. 1-16-66


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

- 27 -

Maximum

Point Range

2820
29110
3180
3360
3600
3900
6300
11700
6200
5700
66oo
7100
7800
8900
10,100
11,300

169-319
320-369
370-1)25
1)26-1)83
689-668
559-635
636-719
720-810
811-908
909-1016
1016-1133
1136-1266
1266-1609
1610-1667
1668-1760
171)1-191)0


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Federal Reserve Bank of St. Louis

All salaries and all reports to the Board of Governors
concerning this program and substantiating the salary structure
recommended for this bank are predicated upon this tabulation.,
SALARY ADMINISTRATI ON

The establishment of a salary structure based upon analy­
sis, description and evaluation of jobs does not solve all sala­
ry problems® After evaluation it has been found that some em­
ployees are receiving salaries in excess of the maximum estab­
lished for the grade of work performedo It has also been found
that some employees are receiving salaries below the minimum es­
tablished for the grade of work performed® Within the grades
which have been established some salaries are at or near the min­
imum, some are at or near the maximum, and others are distributed
between these points® Job values are dynamic rather than static.
Constant re-study of jobs will result in re-evaluations of jobs
which in turn will raise problems of salary administration. Not
all of these problems can reasonably be anticipated. Some, how­
ever, are common problems for which policies can be established:
GENERAL POLICY

The objective of the several policies stated here is to
attain maximum flexibility of administration consistent with fair
and equitable treatment of each and every employee. As objective
an attitude as is attainable will be maintained by all concerned
with salary administration. Decisions will be governed by consid­
erations of the common good of the bank and its employees, and by
the application of progressive management practices®
No policy here stated will be blindly or rigidly followed, .
nor will any policy be entirely without exception® It is the pur­
pose of these policies to serve as standards to be attained under
optimum conditions, not as limitations upon the application of
sound judgment to a particular situation®
The guiding principles to be followed in applying these
policies are that:
1® Equitable treatment of employees, based upon considera­
tions of aptitude, ability, merit, performance and length of

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Federal Reserve Bank of St. Louis

service is necessary to sound salary administration*

2. Recognition of community practices and the condition
of the local labor market is a legitimate consideration in sal­
ary administration.
3. Any departure from standard practices in the treatment
accorded any employee must be based upon close scrutiny of the
facts surrounding the case, and must result from other than nor­
mal conditions.
OVER-MAXIMUM CASES

In a letter dated June 27, 1946, from Mr. Davis, Presi­
dent of the St. Louis bank, addressed to all employees, Mr. Davis
stated, ’’Under no circumstances will salaries be reduced as a
result of the completed study.” Mr. ^avis was referring in this
letter to the job evaluation study. It has been agreed that
where an employee is receiving a salary in excess of the maximum
established for the grade of work performed, the employee’s sal­
ary will not be reduced as a result of the installation of job
evaluation principles and practices. However, an effort will be
made in time to assign the employee to a grade of work commensu­
rate with his existing salary, and which he is qualified to per­
form. Where this is done, the effect will be to bring his salary
within the maximum allowed for the grade of work performed.
Where this is not practical, the employee will be carried above
maximum salary indefinitely. The Board of Governors recognized
the necessity of this policy, and has been furnished a list of
the individual cases for approval.
UNDER-MINIMUM CASES
At the time this program is installed, salaries of em­
ployees which are below the minimum established for the grade
of work performed, will be increased to the minimum except in
unusual cases. Such unusual cases may exist because an employee's
performance is not satisfactory, change in assignment or release
is probable, or if the increase, because of the amount, would
create an administrative problem.

In ordinary cases increases to the minimum amounting to
less than $300 per annum will not be questioned for employees
whose work is satisfactory. Unusual cases and other cases where
the salaries are $300 or more per annum below the minimum will
be reviewed individually to determine the appropriate action to
be taken.

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Federal Reserve Bank of St. Louis

TRANSFER

A transfer of an employee from one position in a grade to
another position (involving somewhat different duties) in the
same grade, will not in and of itself be a basis for any increase
or decrease in salary; however, an adjustment may be made if it
is otherwise merited.
PROMOTION
A promotion of an employee from a position in one grade
to a position in a higher grade will be accompanied by an in­
crease to the minimum salary established for the higher grade if
the employee had previously been earning a salary below such min­
imum. Under similar circumstances, if an employee had been earn­
ing a salary in excess of the minimum for the grade to which the
employee is promoted, the employee may be given a salary increase,
the amount of the increase depending upon the recommendation
made by the department manager and officer recommending the pro­
motion and with the approval of the officers’ personnel commit­
tee.
UPWARD JOB RE-CLASSIFICATION
It is to be anticipated that jobs will periodically be re­
classified as a result of changes in function or volume, or as a
result of periodic desk audits. In the event a job is classified
upward into a higher grade, a supervisory determination will be
made as to whether the incumbent of the job should also be re­
classified upward with the job, or whether the incumbent should
be transferred to some other job and the re-classified job in the
higher grade be filled with some other employee considered more
competent and deserving of promotion than the incumbent. In the
event the incumbent is re-classified upward with the job, the
same salary administration policy will apply as for promotion.

DOWNWARD JOB RE-CIASSIFICATION

In the event a job is classified downward to a lower grade,

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a supervisory determination must be made regarding the classi­
fication of the incumbent of the job. In the event the indi­
vidual is re-classified downward with the job, no change in
salary will be effected if the incumbent's present salary is
below the maximum for the grade to which the job is reduced.
If, as a result of re-classification, the employee's salary
is found to be above the maximum for the grade to which the
job is re-classified, the employee's salary may be reduced to
that maximum.
PE-ASSIGN^NT FAULTING IN DOWNWARD RE-CLASSIFICATION

In the event of an approved supervisory recommendation
that an employee be re-assigned from a job of higher grade to
a job of lower grade for the convenience of the bank, such
re-assignment will not normally be accompanied by any reduction
in salary if the employee's salary is below the maximum of the
grade to which he has been re-assigned.
If the employee's
salary is above the maximum of the grade to which he has been
re-assigned, it may be reduced to the maximum of that grade.
DEMOTION FOR CAUSE
In the event of an approved supervisory recommendation
that an employee be demoted for cause from a job of higher
grade to a job of lower grade, a salary reduction may be made,
dependent upon the circumstances of the case, whether the
employee's salary is above or below the maximum of the grade
to which demoted.

Rev. 2-1-49

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8H-1414

OFFICE

MEMORANDUM

To:

All Officers and Department Managers

From:

Personnel Department

Subject:

Job Evaluation Manual Page No. 32.

Date:

November 1, 19%

There is attached Job Evaluation Manual Page No. 32, which has
been revised effective November 1, 19%.
Will you please substitute this page for the present page in
your Job Evaluation Manual.


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Federal Reserve Bank of St. Louis

MERIT REVIEW

The bank recognizes the principle of merit as a primary basis for salary
administration. A formal merit review plan has been developed and is fully
explained in the Supervisor’s Merit Review Manual.
The purpose of a merit review is to objectively appraise each employee period­
ically to determine and record the degree of proficiency at which he is performing
his duties and the extent to which he has developed capacities for accuracy, skill,
leadership and other qualities. The completed merit review form will become a
permanent part of the employee’s personnel record and will be carefully consi­
dered whenever salary adjustments or other personnel action is contemplated.

MERIT INCREASES
The salaries of all employees will be reviewed semi-annuallyj in May for
adjustments effective July 1 and in November for adjustments effective January 1.
The salary review form will be prepared by the Central Tabulating Department and
distributed by the Personnel Department. Department managers and officers will
make recommendations for employees in their departments in salary grades 1 through
11 to be submitted to the Personnel and Welfare Committee and the Board of Directors
for approval. The senior officers will make recommendations for employees in
salary grades 12 and above to be submitted to Management Council and the Board of
Directors for approval.
Ordinarily salary adjustments will be made only at the time of the semi-annual
review. However, interim adjustments may be recommended between the semi-annual
review dates in the case of promotion or when other circumstances are believed to
warrant such action.

The midpoint of the salary grade rounded off for salary administration pur­
poses, is the normal salary which the bank expects to pay a satisfactory experienced
employee. It is not contemplated, however, that the salaries of all satisfactory
employees be raised to the midpoint immediately but that employees will obtain
the normal salary within a reasonable length of time through periodic recognition
of progress.

Adjustments may be recommended above the midpoint of a salary grade in cases
where above average job performance is demonstrated.
The area between the third quarter point and the maximum of a salary grade
is reserved for employees who have demonstrated outstanding performance, well
above that of the employee considered to be merely above average. Factors such as
exceptional skill, accuracy, large volume production, versatility, administrative
leadership, acceptance and execution of responsibilities beyond that normally
expected for acceptable or above average performance on the job, are guides for
such determinations. No single factor should be the sole determinant. Overall
job performance, attitude, interest, and cooperation should all be considered.

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MT REVIEW

The bank recognizes the principle of merit as a primary basis for salary
administration. A formal merit review plan has been developed and is fully
explained in the Supervisor’s Merit Review Manual, dated May 1^ 19^8*
The purpose of a merit review is to objectively appraise each employee period­
ically to determine and record the degree of proficiency at which he is performing
his duties and the extent to which he has developed capacities for accuracy, skill,
leadership and other qualities. The completed merit review form will become a perma­
nent part of the employee’s personnel record and will be carefully considered vhenever personnel action is contemplated. In order to minimize the influence of salary
recommendations on the objectivity of the merit review, the salary review and merit
review periods will not coincide.

’.TRIT INCREASES
The names of all employees in grades 1 through 11 will be reviewed semi­
annually for salary adjustment purposes. The salary reviews, which will be sched­
uled on six month anniversary dates, will be prepared and distributed by the
Personnel Department. The manager of the department to which the employee is
assigned and the officer in charge will make recommendation, which will be submitted
to the Officers’ Personnel and Welfare Committee for approvals

The names of all employees in grades 12 and above will be reviewed for salary
adjustment purposes at such annual or semi-annual periods as may be determined from
time to time by management*
Ordinarily no salary increases or decreases will be given at other than sched­
uled time of semi-annual or annual review unless a job is reclassified or the
employee is promoted or demoted. When unusual circumstances are believed to warrant,
a special recommendation may be submitted for consideration.

The midpoint of the salary grade rounded off for salary administration purposes,
is the normal salary which the bank expects to pay a satisfactory experienced em­
ployee, It is not contemplated, however, that the salaries of all satisfactory
employees be raised to the midpoint immediately but that employees will obtain the
normal salary within a reasonable length of time through periodic recognition of
progress*
Adjustments may be recommended above the midpoint of a salary grade in cases
where above average job performance is demonstrated*
The area between the third quarter point and the maximum of a salary grade
is reserved for employees who have demonstrated outstanding performance, well above
that of the employee considered to be merely above average. Factors such as ex­
ceptional skill, accuracy, large volume production, versatility, administrative
leadership, acceptance and execution of responsibilities beyond that normally
expected for acceptable or above average performance on the job, are guides for
such determinations. No single factor should be the sole determinant. Overall
job performance, attitude, interest, and cooperation should all be considered*

Recommendation for salary adjustment above the midpoint of the salary grade
will be considered by the Officers’ Personnel and Welfare Committee or Management
Council, as the case may be, when, in the judgment of those responsible for making
salary recommendations, an employee is performing an above average or outstanding
job on his current assignment.

. l-l-£6
Digitized for Rev
FRASER
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Federal Reserve Bank of St. Louis

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INCREASES BEYOND ESTABLISHED MAXIMUMS
It is anticipated that consideration of salary increases
beyond established maximums will be the exception rather than
the rule. Such increases will require the prior approval of
the Management Council and will be subject to such rules and
regulations as may be issued by the Board of Governors.

SUB-MINIMUM SALARIES
No employee will be employed at a salary below the mini­
mum established for the grade of work performed.
SALARIES OF PART-TIME EMPLOYEES
A part-time employee will have his salary computed on a
pro-rata basis for the grade of work performed6 Merit in­
creases may be given to part-time employees upon certificat­
ion of merit by a department manager and officer in charge
and approval by the Officers’ Personnel Committee.

SALARY SURVEYS

Each year a salary survey will be conducted to provide
a basis for comparing the salary structure of the bank with
going rates in the community. Such surveys may be made more
frequently if deemed desirable by the Officers’ Personnel
Committee. The Officers* Personnel Committee will review
results of such survey data and will recommend to the Manage­
ment Council such revision of the salary structure of the
bank as may be deemed warranted.

Rev. 2-1-49


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Federal Reserve Bank of St. Louis

APPENDIX I

The appended Reference Manual for Job Analysts was dis­
tributed upon completion of the training described in the sec­
tion of this manual entitled ’’ANALYSIS.”

This manual served as a guide for analysts throughout
the evaluation study. No additional forms or questionnaires of
any kind were used in this study.

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REFERENCE MANUAL
FOR
JOB ANALYSTS

-------- 0 --- -------

PUBLISHED BY ST. LOUIS
FEDERAL RESERVE BANK

FOR USE OF JOB ANALYSTS
IN THE BANK AND ITS BRANCHES

JULY 3, 1946

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SECTION I

INTRODUCTION

This manual has been developed for the use of job an­
alysts who are engagedin the Job Evaluation Program, It contains
a resume of information which was discussed in the training pro­
gram conducted in the St, Louis bank between June 10 and July 3,
1946, and in addition contains a list of standard task de­
scriptions for guidance in writing job descriptions.
It is not intended that the suggestions included in
this manual for procedures or methods shall be considered arbi­
trary or final, In the day to day tasks of job analysis each
analyst will meet situations which are not covered by this
manual. Also, the job analyst will meet situations where the
suggestions contained in this manual are not practical or appro­
priate. One of the characteristics of an analyst must be the
ability to adjust himself to new and difficult situations and to
solve those situations as they arise. Therefore, this manual is
at best a guide-post on the path which the analyst must tread and
should be considered as such.

The consultant who has been engaged by the bank to
plan and supervise the Job Evaluation Program will always be
available for consultation on all problems of such an unusual
nature that the analyst does not feel that the guide-post sugges­
tions offered in his manual are sufficient to indicate solutions.
This manual concerns itself solely with the methods
and procedures of job analysis and job description. Later addi­
tions to this manual will include the processes of job evaluation
and establishing wage structures. Since the immediate problem is
to obtain adequate job descriptions, evaluation will be mentioned
in this manual only from the standpoint of general definition in
connection with the overall program, but not in respect to meth­
ods and procedures.

SECTION II

BACKGROUND OF PROGRAM

Appendix A to this manual is a copy of a memorandum
dated May 27, 1946 sent by Mr. Davis to all officers, department
managers and assistants for the purpose of initially advising
them of the inception of the Job Evaluation Program. Appendix B
is a copy of a letter dated June 27 sent by Mr. Davis to all
employees of the St. Louis bank for the same purpose.

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These two appendices briefly describe the program,
indicate the history, intent and extent of the program and out­
line generally the methods and procedures to be followed. All
analysts should be familiar with these appendicies.
A job evaluation program includes compiling job de­
scriptions, classifying jobs, determining the relative values
of respective jobs and establishing a wage structure based upon
job values. Analysts will be concerned only with compiling job
descriptions.
A number of benefits will be derived from successful
job evaluation. First and foremost a fair and equitable wage
structure can be developed, one vhich involves the principle
of equal pay for equal work. In order to obtain this benefit,
the jobs in the bank will be evaluated not only one against
another so that each employee will feel that he is being appro­
priately paid for the effort he expends but will also be eval­
uated against similar jobs in banking, commerce, industry and
federal agencies in the St. Louis and Branch areas. In addition,
as a result of writing adequate job descriptions we may reason­
ably anticipate that we will have a basis for better selection
of employees, for more intelligent transfer of employees, for a
sounder promotion system, a better basis for judging the appro­
priateness of recommended merit salary adjustments, a better
basis for developing departmental and overall training programs,
generally better personnel administration and improved super­
vision. Employees generally should be better satisfied if they
feel that their wages have been based upon a complete, accurate
and fair evaluation of their duties and responsibilities and to
that extent employer-employee relations within the bank and its
branches should be improved.

In addition to the distribution of information indicated
in the appendices mentioned, individual meetings have been held
in the St. Louis bank with each department manager and his super­
visors for the purpose of thoroughly advising them regarding the
program and to enable them to answer questions of individual
employees which may arise regarding the program. Similar
meetings are planned for the Branches. In addition analysts
have received intensive training in the techniques of job an­
alysis interviewing and writing job descriptions. The success
of this program at this stage rests largely upon the extent to
which the analysts have absorbed the training offered and upon
their ability to analyze and describe jobs and to enlist the
assistance of department managers and assistants in the program.

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SECTION III

DEFINITIONS

An understanding of certain terms is necessary to
proper job analysis<> Definitions of these terms are given here
in the sequence in which they are usually used in a Job Eval­
uation Program rather than in alphabetic order.

I.

Job—’The current duties and responsibilities assigned or
delegated by competent authority to one employee.

2.

Job Class—-A group of jobs sufficiently similar as to
responsibilities and duties and delegated or as­
signed authorities to warrant the same approximate
pay, the same job title, the same minimum qualifica­
tions for performance and the same objective tests
to determine qualifications.

3.

Job Classification—The process of determining job
classes o

4.

Job Analysis—A study of the current duties or respon­
sibilities assigned or delegated by competent
authority to one employee including methods, working
conditions and the organizational relationships of
the job.

5.

Job Description--A written detailed summary of the re­
sults obtained from job analysis.

6.

Job Specification—A written statement of the minimum
qualities, abilities and characteristics required
to perform a given job in a standard manner.

7.

Job Evaluation—A systematic consideration and arrange­
ment of classes of jobs by their relative value to
the organization.

8.

Job Evaluation Program—The process of establishing a
systematic arrangement of classes of jobs by their
relative value to the organization.

9.

Pay Determinants— The factors which determine the pay
received by an individual are conditioned by the
capacity of the individual, the interests of the
individual and the opportunities of the individual.

10.

Interview—A controlled conversation between two or more
people for the purpose of giving or receiving cer­
tain information.
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11.

Scientific Management--Management based upon objective
analysis of the factors of work and control of the
factors.

12.

Structural Chart—A graphic presentation of the informa­
tional and authoritative relationships between the
jobs existing in a given organization.

13.

Functional Chart—A graphic presentation of the organiza­
tional units which have been established to fulfill
the purpose of the organization and a statement of
the general activities performed in each organiza­
tional unit which supports, leads to or assists the
total purpose of the organization.

14.

Task—A component or element of a job usually comprised
of one duty or responsibility or one delegation or
assignment or authority.

15.

Objective—A scientific approach in which personal
attitudes, opinions and interests are excluded and
an activity is viewed impersonally and without
respect to the individual performing the activity.

16.

Subjective—The natural inclination of individuals to
view activities in the light of their own attitudes,
prejudices and emotional background.

17.

Supervision——(The following definitions of supervision
are given in respect to the supervision received.
The definitions therefore characterize the type of
supervision received by an employee rather than the
type of supervision which he may in turn exercise.)

(a)

Administrative supervision——Receives gen­
eral orders or instructions which
require the making or recommending of
policy.

(b)

General Direction—Receives one time
orders based upon established policy
and works out own methods and proce­
dures.

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(c)

General Supervision—Receives continuing
supervision based upon established
policies and procedures and has work
periodically checked,, Is required to
interpret procedures rather than
policies*

(d)

Immediate Supervision—Receives specific
instructions and training in proce­
dures and methods and is generally not
required to interpret procedures or
methods or make decisions.

SECTION IV
QUALIFICATIONS OF THE JOB ANALYST

A successful job analyst must possess certain qualities
which will aid him in performing his duties. He should have a
general fund of job knowledge which will enable him to formulate
suggestions about a job and detect obvious errors and gaps in the
information received. He should bring an objective attitude to
his duties eliminating insofar as possible any partiality which
may arise from his own interests, prejudices or characteristics.
He should be diplomatic and tactful. The job analyst is fre­
quently confronted with conditions requiring the utmost tact for
successful completion of an interview. He should develop and use
tactful and considerate phraseology in placing his questions and
should be careful to comment about any phase of the job only in
terms which will not give offense or raise inappropriate questions
in the mind of the interviewee.

A job analyst must be friendly at all times and have a
genuine interest in the people whom he is interviewing. Such
friendliness will enhance his ability to give and to obtain
information. A genuine attitude of friendliness will aid the
analyst in understanding people and the personal characteristics
which they possess.
The analyst must have patience, for obtaining job in­
formation is frequently a tedious and painstaking task. In this
connection, while the Board of Governors is urging the completion
of this program at the earliest practicable date, it should be
emphasized that completeness and accuracy in job descriptions are
of paramount importance; in other words, the quality of the work

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Federal Reserve Bank of St. Louis

done is immeasurably more important than the volume or rate at
which the work is done. A job analyst who submits only one
satisfactory job description per day will be doing a far supe­
rior job to the analyst who submits six unsatisfactory descrip­
tions in a day®
The job analyst must carefully plan his work and must
develop resourcefulness to meet situations where the developed
plan, due to circumstances beyond his control, cannot be ex­
ecuted. Finally the job analyst must be alert and develop the
ability and habit of observation.

SECTION V
INTERVIEWING TECHNIQUES
The basis of all job study is interviewing.

Each an­

alyst must develop an interviewing technique which will enable
him to obtain all information about every job he studies. The
following check list is offered as a guide to analysts in devel­
oping a successful interviewing technique?

1.

Plan the interview. Know in advance what job you are
to study, what itsorganizational and functional status
is and have a list of general questions which will aid
you in obtaining the desired information.

2.

Establish rapport. Allow a little time for general
discussion. Try to get to know the interviewee and try
to establish in his mind the feeling that he knows you.
Don’t rush the initial stage of the interview. Give the
interviewee time to organize his thoughts. Try to estab­
lish a basis of mutual understanding.

3.

Make the purpose of your interview clear. State specif­
ically why you have sought this interview and what you
expect to obtain from it. Do not take for granted that
the interviewee knows your purpose.

4.

Get the interviewee to talk. Try to phrase your ques­
tions in a way that something more than yes or no an­
swers must be given. Show an interest in what is said.
Encourage a talking attitude by adopting a listening
attidude.

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5,

Control the interview,. Keep the interviewee on the
subject. Pursue a given line of thought until you feel
you have all the information required; then ask ques­
tions exploring other lines of thought. However, do not
attempt to dominate the interview to the extent that the
interviewee feels that he may not talk freely or to the
extent where you put words into the mouth of the inter­
viewee which may not be words properly describing his
job.

6.

Stimulate thought. Ask thought provoking questions.
Try to get the interviewee to think about the sequence
of the processes in his job, about what he does daily,
weekly, monthly, etc.

7.

Verify answers by restatement. Try to make the informa­
tion obtained as accurate as possible by checking and
rechecking a point which may be vague or indefinite on
first statement.

8.

Summarize the information. Restate the outline of the
job to the interviewee and request him to check you on
your restatement and make any modifications which appear
desirable.

9.

Close on a friendly note. In almost every case you will
be returning to the interviewee at some later time,
whether for additional information or to get him to re­
view your written job description. Therefore, try to
leave the door open for a friendly return.

10.

Listen and observe. Frequently an interviewee may not
be able to express "himself well or if rapport has not
been sucessfully established he will not speak freely.
Many interviewees will show a tendency to describe only
those portions of their jobs which they consider impor­
tant or which are of interest to them. Observe the
working space and the tools and equipment used. Listen
for indications in the interview that there are other
things done than have been described. Be especially
careful in closing the interview that the interviewee
does not show an inclination to continue to talk and to
tell you more about his job. It not frequently happens
that the most vital information is withheld during the
body of an interview and does not come to light until
the interviewee suddenly realizes that you are about to
conclude the interview.

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SECTION VI
FLOW OF WORK
The flow of work of the job analyst will be the same
in the Branches as in the St. Louis bank. First of all struc­
tural and functional charts must be obtained for all depart­
ments. Planning schedules of work and planning individual inter­
views will each be based first upon a study of the structural and
functional charts. After charts have been carefully studied and
a determination has been made about which department is to be
selected first in which to make job analysis, consult the super­
visor of the department. Review the charts with him and obtain
from him a general idea of the flow of work in the department.
Arrange a time schedule with him so that interviews can be held
at such times as will least disrupt the work of the department.
Obtain an introduction to interviewee where possible, making an
appointment through the department manager, or supervisor, in
advance. Write the job description as soon after the interview
has taken place as possible. Review the descriptions with the
employee, his supervisor, his department manager and his officer
whenever possible and obtain concurrence from each in your com­
pleted description. It is recommended that these reviews be held
individually rather than jointly. After a job description has
been approved by the employee and other levels of supervision
concerned it should be directed to Mr. J. K. Gerdel for technical
review.

It may not infrequently happen that job descriptions
will be returned to the analyst with recommendations for revi­
sion or questions concerning the clarity of certain statements.
Whenever a job description is revised to increase clarity or to
change a form so it may be more conveniently used in evaluation
it should again be coordinated with the employee and with all
levels of supervision concerned.

SECTION VII

CHARTS
Appendix C is a typical functional chart. It does not
have respect to individuals but outlines the general purpose of
units, sections and departments. The following rules should be
observed in preparing functional charts:

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Federal Reserve Bank of St. Louis

(a)

The subject of sentences should be implied,
should be singular and sentences should be
written without subjects.

(b)

Each function should oe listed by number,
separately and stated in the fewest words
possible.

(c)

Functional statements should include general
purposes only and should not include usually
specific activities.

(d)

Repetition should be avoided to the greatest
extent possible.

(e)

A good general rule to follow in siting func­
tional statements is to be as brief as you
can and still maintain clarity.

structural charts?
(a)

Structural charts are constructed on a pyram­
idal basis with the top job placed at the top
and the lines of authority and management
flowing downward.

(b)

There should be one box for each type or class
of job. More than one employee may be indi­
cated in any box where a group of employees
perform the same type or class of duty under
the same supervision.

(c)

The title of the job should be placed at the
top of the box.

(d)

Each individual in a box should be numbered.

(e)

The names of each individual assigned should
be included in the chart.

(f)

Secretaries and receptionists should generally
be directly related to the highest authority
they serve. Where a secretary or receptionist
serves only the top authority the relationship
is usually indicated by a straight line running
from the side of the authority’s box to the

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box for secretary. Where the secretary or
receptionist also serves others in the depart­
ment the relationship is usually shown by a
horizontal line connecting with the vertical
line flowing from the topmost authority to the
next lowest level of supervision. (Appendix
D is a typical structural chart).

SECTION VIII

WRITING THE JOB DESCRIPTION

Appendix E is a copy of Form A which will be used for
the final draft of all job descriptions. The following rules
will be observed in writing job descriptions?
1.

No page number will be noted.

2.

The name of the bank or Branch will be placed in the
designated space.

3.

No date will be placed on either of the date lines in­
dicated on the form.

4.

The department will be indicated in the approximate
space.

5.

The present assigned title of the incumbent will be
placed in the space provided for the title of position.

6.

Where a different title appears desirable a recommended
title will be placed under the present assigned title in
the same box.

7.

No maximum annual salary will be stated.

8.

The first statement under “description of work” will be a
general description giving overall picture of the job
performed. This statement will always begin with a
description of the type of supervision received on the
job.

9.

In writing this general statement use a paragraph indenta­
tion of ten spaces from the lefthand margin. To the ex­
tent practicable the righthand margin will coincide with

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the vertical line in front of the box "maximum annual
salary." All lines other than those beginning paragraphs
will have their lefthand margin approximately one space
from the lefthand double vertical line.
10.

A double space will be used between all paragraphs.

11.

Individual tasks will then be listed. Each task will be
numbered and the same indentations and spacing instruc­
tions will apply to tasks as were set forth for the
summary statement.

12.

The percentage of time spent on each then will be noted
in the righthand marginal space (that space below the
notation "maximum annual salary".) The total percentages
allotted to all tasks will always equal 100%. (In
arranging the percentages the cycle concept will be ap­
plied to each job. The interviewee will be encouraged
to think in terms of daily,weekly, monthly, etc. duties
and this thinking will enable the interviewee to more
accurately estimate percentages of time spent on each
task.)

13.

At the beginning of each job description which includes
stenographic or typing duties a separate notation will
be made regarding the per cent of time spent on steno­
graphic duties (including both taking dictation and
transcribing it) and typing. This statement will be
centered at the bottom of the description, the per cent
will immediately follow the statement "stenography or
typing" as the case may be, and the percentage will not
be included in the 100% figure at which we should arrive
when adding all task percentages.

14.

One original and one carbon copy will be required by
Mr. Gerdel. Branch banks will need at least two addi­
tional copies. The copies at the Branch banks are to be
retained by the analyst for reference purpose until final
approval of the Board of Governors is obtained. At that
time one copy held by the analyst at the Branch bank will
be delivered to Personnel for filing reference purposes
and one copy will be delivered to the department head for
administrative purposes.

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SECTION IX
CHECK LIST

There are no standard methods nor standard questions
which may be applied to all jobs. The initiative and resource­
fulness of the analyst will largely determine the amount of
information obtained about any given job. There are certain
minimum informations or key points which should be checked in
relation to any job study. The following check list is not in­
tended to be all inclusive; it is intended only to serve as a
guide to the analyst regarding certain essentials of jobs whicn
should be checked in studying them to assure that the information
obtained is sufficiently complete to insure a proper job descrip­
tion.
1.

By whom is the employee supervised and in what degree.

2.

Whom does the employee supervise (how many and what type
of employee.)

3.

What is the principal duty.

4.

What is the cycle of activity (daily, weekly, semi­
monthly, monthly, quarterly, semi-annually, annually
and other periodic days.)

5.

What is the relation of the activity to other activities
(what is the process or flow of work.)

6.

What equipment is operated (adding machine, typewriter,
multigraph, proof machine, bookkeeping machine, key
punch equipment.)

7.

What are the working conditions (are they confining--physically arduous, involving operational hazards, requiring
travel and appreciable time away from home, or requiring
unusual hours of work.)

8.

What is the level of activity at which the employee
operates (routine, makes decisions and interpretations,
deals with public.)

9.

What percentage of total time is spent on each task.

10.

What percentage of time is spent on typing or stenography.
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SECTION X

DO’S AND PONTAS

In so brief a manual as this it is not possible to set
forth all the rules, procedures, recommendations and suggestions
that have been covered in the training sessions. To do so would
make this manual bulky and unusable,. Summarized below are a few
of the do’s and dont’s which the analyst should bear in mind at
all timeSo

Do’s

lo

Attempt to gain confidence in the initial stages of an
interview by a smile or a handshake.

2O

The weather is always a good topic for opening a conver­
sation,,

So

People are always interested in telling others about their
jobs.

4.

People will be interested in this program.
something about it.

5.

Look and listen. Give your full attention to the inter­
viewee and his place of work.

6.

Watch the end of the interview for additional leads.

7.

Make appointments. Give employees an opportunity to clear
their desks and give you their full attention.

8.

Meet any questions regarding salary adjustments squarely.
If an employee wants to know what will happen if his job
is evaluated below his present salary tell him that such
instances will probably be few, and when they do exist
he will not receive any reduction in pay. Over a long
term he may be transferred or he may receive added duties
to bring his job in line with his salary status. Empha­
size that if he gives you full and accurate information
about his job, in all probability his responsibilities
and the complexity of his duties will at least justify
his present salary.

9.

Where possible, attempt to describe a given task in one
sentence.
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10*

Be specific*
ical.

Indicate whether work is manual or mechan­

Dont’s
1.

Don’t permit your own attitudes and prejudices to effect
the information you obtain from the interviewee*

2.

Don’t hurry your interviewo Emphasize completeness and
accuracy rather than the time element,,

3.

Don’t use certain general terms such as« handles, as­
sists, maintains, possesses, etc* unless you qualify
them in such a way that they have specific and clear
meaning*

4*

Don’t guess or assume you know what the employee is
talking abouto Make him be specific and describe what
he is doing so that you are satisfied you have the
proper and necessary information*

5*

Don’t enter into a discussion with the employee regarding
the value of his job* Be objective in studying the job
so an accurate description can be written* Advise the
employee that you are interested solely in description
not evaluation*

6*

Don’t make your own estimates or percentages of time
spent on each task* Assist the employee in this com­
putation but let him make it his own*

7*

Don’t let too much time elapse between the interview and
the writing of the job description* The sooner the job
description is written the more accurate it is likely
to be.

8.

Avoid repetitions in writing job descriptions to the
greatest extent practicable* Boil down and re-write*
Say it in the fewest words possible and still maintain
clarity and accuracy*

9*

Don’t include detail which is not important*
rather than detailed*

10.

Be specific

Don’t submit a final draft until you feel certain in your
own mind that it is a complete, fair and accurate descrip­
tion of the job*

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SECTION XI

STANDARD TERMINOLOGY

To the extent practicable, terminology used in describ­
ing jobs and tasks should be standard for all analysts. Stand­
ard terminology will permit more accurate comparisons of jobs
and tasks and will lead to better evaluation. Therefore, when­
ever possible, standard terminology should be used in preference
to some non-standard wording.

However, analysts are cautioned not to sacrifice com­
pleteness or accuracy in description in order to obtain stand­
ardization. If the terminology suggested below does not com­
pletely, accurately and exactly describe the task, do not use
it.

The suggestions offered below are indicators and guides
only. Where a modification of a suggested statement will better
describe what is done, such modification should be made. Where
no suggested statement describes the task, a new statement must
be constructed. Those suggestions are intended to be in no way
limiting; it may frequently be desirable to combine two or more
of these statements to describe one task. Completeness and
accuracy must be the first consideration of the analyst—stand­
ardization is secondary and will frequently result from complete­
ness and accuracy.
The task statements are grouped by general classes of
jobs, the general classes being listed alphabetically. No at­
tempt has been made to indicate evaluation or level of authority
in the grouping of these task statements.

1.

Accounting jobs

Receives cash (check) collections.
Receives vouchers by stamping and initialling,
Receives and distributes salary checks.
Manually posts ledgers.
Takes trial balances.
Verifies statements of accounts by comparing
with ledger entries.
g. Assigns account numbers.
h. Segregates, distributes and manually records
expense allocations.
a.
b.
c.
d.
e.
f.

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Federal Reserve Bank of St. Louis

i. Examines for completeness*
j. Manually posts information affecting pay
status to salary cards.
k. Approves by initialling.
1. Reviews to detect errors, applying experi­
ential criteria*
2.

Adding machine operator
a. Operates listing and (or) adding machines.
b. Verifies statements by adding appropriate
ledger entries.
c. Totals entries to vouchers.
d. Adds posted entries to determine totals.

3.

Bookkeeping Machine Operator
a. Operates bookkeeping machine to bill, reg­
ister, invoice, journalize, list or receipt.
b. Types entries to ledger or journal from
vouchers, requiring little or no judgment as
to the proper entering of information or
figures.
c. Types on bookkeeping machine, checks vouchers
or copies requiring calculation of amounts to
be entered and selection of appropriate in­
formation from basic records.
d. Makes entries and extensions on bookkeeping
machine, reconciling each extension and total
posted by using totalizer or column accu­
mulator.
e. Types statement on bookkeeping machine, ver­
ifying statement total against ledger account
total.

4.

Calculating machine operator
a. Operates comptometer (or other non-listing
computing machine) calculating sums, includ­
ing mechanical addition, subtraction, multi­
plication, division or any combination of
these.

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b. Following computation, manually enters cor­
rect figures on basic data, such as totals or
percentages.
Co Verifies totals obtained by manual or mechan­
ical means by recomputing figures on comp­
tometer (or other non-listing computing
machine)o
5.

Clerk
a. Performs simple routine duties such as sort­
ing cards alphabetically or numerically.
bo Opens mail, using hand slitter (or mail open­
ing machine).
c. Affixes postage to mail in predetermined
amounts•
d« Determines proper amount of postage and
affixes to mail.
e. Places addressed envelopes in tube for deliv­
ery within banko

6.

Correspondence Clerk
a. Composes correspondence, basing it on knowl­
edge of precedents, regulations or established
procedure.
bo Dictates correspondence.
c. Composes routine letters of transmittal,
acknowledgment, authorization or instruction.
d. Selects and fills out on typewriter various
correspondence forms.
e. Composes routine letters and notices of a
standard nature in which the facts are clear
and the action to be taken is dictated by
precedent.
f. Reviews outgoing correspondence for errors
in form, punctuating, grammer, spelling and
address.
g. Signs own correspondence.
h. Submits correspondence to supervisor for
review and signature.
i. Follows customary form and wording.
j. Types own letters.
k. Selects appropriate wording from a variety
of standard terminologies.

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7.

Duplicating equipment operator
a. Operates mimeograph (multigraph, addressograph, multilith, photostat, blue-print
machine, etco) reproducing memoranda, letters,
circulars, etc®
b. Makes minor repairs to equipment.
c. Sets up machine, placing stencils, plates, etc.
in machine.
d. Obtains proper register.
e. Inks machine.
f. Checks runs periodically to determine that
imprint is satisfactory.
g. Sets type by hand (or machine)
h. Requisitions supplies of paper, ink, etc.
i. Mixes developes and baths.
j. Develops and fixes prints.
k. Operates varitype machine, typing from pre­
pared copy.
1. Assembles duplicated copy in proper sequence
and staples (or otherwise binds).

8.

Elevator operator

a.
b.
c.
d.
e.
f.

9.

Operates self - levelling elevator.
Operates manual (freight) elevator.
Acts as relief operator on public elevator.
Makes continuous routine runs.
Answers call-bell only.
Assists in moving heavy equipment on to and
off of elevator.

Examiner

a. Conducts assigned field investigation and
surveys to determine compliance with existing
regulations.
b. Examines records to secure information indica­
ting solvency and extent of reserves.
c. Writes reports summarizing financial condition,
d. Investigates obscurities or irregularities,
submitting results of investigation in writing.

10.

File Clerk
a. Assorts mail and records numerically or
alphabetically for distribution and filing.
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b. Files correspondence alphabetically (numer­
ically) .
c. Codes correspondence numerically according
to established system.
d. Date stamps correspondence.
e. Searches files for correspondence by name
(or subject or number).
f. Assorts and verifies addressograph plates.
g. Files by subject matter, correspondence
already having been coded.
h. Determines subject under which matter is to
be filed.
i. Prepares charge-out slips.
j. Calls individual to whom correspondence has
been charged to obtain its return.
k. Files Kardex (Acme, Linedex) cards (or strips)
(or Vertical Cards).
1. Removes file copy from correspondence prior
to mailing.
m. Files loose-leaf sheets, removing and destroy­
ing obsolete or replaced sheets.
n. Reads incoming correspondence to determine
proper distribution.
o. Purges files of old and useless papers in
accordance with established policies.
p. Mends damaged papers.
q. Types tabs for new folders.
r. Staples or clips material to file, arranging
chronologically.
s. Types slips for tickler files, checks tickler
files daily, pulls indicated correspondence
and routes appropriately.
11.

Fireman
Stokes furnaces with shovel (or mechanically),
Removes ashes with shovel.
Makes minor repairs to furnace or boiler.
Keeps boiler and boiler room in clean condi­
tion.
e. Maintains steam pressure.
f. Lubricates pumps, motors and stoker equipment,
g. Packs pumps.

a.
b.
c.
d.

12.

Guard

a. Maintains order.

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bo Directs traffico
Co Offers information to public upon request.
do Operates door mechanisms to permit entry or
to prevent entry.
eo Puts up and takes down flago
fo Stands guard to prevent illegal entry.
g. Inspects area for fire hazards.

13o

Janitors and Charwomen
a. Cleans, using soap, cloths, brushes and
chemical compounds.
b. Scrubs.
c. Sweeps and dusts.
d. Operates hot air (hot water) (steam) heating
system, stoking furnace manually.
e. Makes minor repairs to building and sanitary
facilities (where the services of a journey­
man mechanic or licensed engineer are not re­
quired) O
fo Moves desks and furniture, mail sacks and
other heavy objects.
g. Waxes and polishes floors and furniture man­
ually (with electrical waxer and polisher).
h. Washes windows (using safety belt for outside
windows).
i. Empties waste receptacles.
j. Fills dispensary equipment with paper towels,
etc.
k. Mops floors.

14.

Kitchen Workers

a. Bakes bread, cakes and pastries, mixing doughs
to standard formulas.
b. Cuts meats, fish and poultry.
c. Requisitions and issues foodstuffs.
d. Reviews available foodstuffs and determines
items (and prices) to be placed on menu.
e. Types stencils for menus.
f. Cooks (bakes, broils, boils, fries) food,
using time and seasoning based upon experience.
g. Cuts (chops, slices) vegetables and fruits
and assembles into salads and serving portions.
h. Peels (dices, slices, etc.) vegetables prior
to cooking.

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Federal Reserve Bank of St. Louis

i. Washes (dries) dishes and silver.
j. Cleans pots and pans, using steel wool,
brushes and strong chemicals<>
k. Makes sandwiches.
I. Makes coffee (in urn) (in silex) using pre­
pared portions.
m. Serves portions of food at cafeteria counter.
n. Serves portions of food at tables.
o. Carries trays of clean dishes and silver to
serving positions.
p. Removes used dishes and silver from tables,
wipes tables clean and carries dishes to
kitchen for washing.
q. Sets services at tables.
r. Computes amount owed by customer by mentally
calculating cost of each item on tray, accepts
money and returns change.
15.

Messengers
a. Receives and dispatches pneumatic tube car­
riers.
b. Distributes and collects mail.
c. Carries messages as directed.
d. Date stamps mail received.
e. Opens envelopes by slitting manually (or by
machine slitter).
f. Answers call bells.
g. Stuffs and seals envelopes.

16.

Personnel Clerks
a. Manually posts (computes) time records.
b. Consolidates basic information into periodic
reports, verifying accuracy of completed
figures.
c. Transcribes data from application forms to
personnel records manually (with a typewriter).
d. Manually posts assignment changes.
e. Photographs and finger-prints.
f. Types routine form letters, using standardized
phraseology.

17.

Secretaries
a. Takes in shorthand (or on a dictating machine),
and transcribes dictation of routine and con­
fidential nature.
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b. Takes down telephone conversations in short­
hand and transcribes when requested.
c. Types correspondence of own composition, using;
phraseology dictated by experience with of­
ficer.
d. Receives callers; furnishes information when
practicable and arranges interview with of­
ficer.
e. Receives telephone calls, furnishes informa­
tion when practicable or notifies officer
that caller is ready on telephone.
f. Places local and long distant telephone calls
for officer, notifying him when party is
ready to speak.
g. Calls other officers and department managers,
arranging conferences for officer.
h. Keeps appointment schedule for officer, no­
tifying him of appointments.
i. Files correspondence alphabetically and by
subject matter, scanning material to deter­
mine appropriate subject.
j. Assembles correspondence from alphabetical
and subject files in such order that officer
can readily obtain desired data from file.
k. Receives correspondence for officer, obtains
and attaches file copies and personally de­
livers to officer.
1. Files and maintains currently in loose-leaf
binders regulations, laws and other adminis­
trative and instructural materials.
m. Performs personal services for officer, such
as, obtaining hotel and travel reservations,
tickets, and other routine semi-official
duties.

18.

Statistical Clerk
a. Collects, compiles, verifies, analyzes and
consolidates statistical data from basic
records.
b. Computes totals, averages, percentages, etc.
c. Draws charts graphically presenting relations
indicated by computed data.
d. Dictates or manually writes reports describ­
ing statistical data and computations in
narrative form.

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Federal Reserve Bank of St. Louis

e. Applies statistical techniques of advanced
nature to economic data to obtain indications
of economic trend0

19.

Stenographer
a. Takes dictation in shorthand and transcribes
on typewriter.
b. Takes rapid dictation, such as telephone con­
versations and conferences.
c. Takes technical dictation, involving a large
number of unusual terms (such as medical or
legal).

20.

Stock Clerk

a. Receives, checks for quantity and correctness
of item, records, stores and issues supplies.
b. Takes periodic inventory, actually counting
items in stock and noting supply on hand on
stock record form.
c. Acknowledges receipt of supplies by signing
shipping tickets.
d. Obtains signature of individual requisition­
ing supplies.
e. Posts accounts of stock from shipping tickets
and requisitions to perpetual inventory forms.
f. Assembles diverse supplies requested On a
requisition, and routes.
g. Places incoming stock on shelves or in cab­
inets.
h. Manually fills in order request form when
stocks reach predetermined minimum.
i. Delivers requested supplies, using hand truck.
21.

Telephone operator
a. Operates automatic multiple switchboard.
b. Checks telephone bills against toll-call
forms.
c. Checks telephone bills against toll-call
forms and obtains additional forms when re­
quired.
d. Receives incoming calls, plugging in to prop­
er extensions.

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e« Furnishes information to telephone callers
when requested.
f. Transfers calls from one extension to another
upon request.
g. Plugs in auto-call upon request keeping memo
on proper routing of reply.
h. Manually enters in switchboard telephone di­
rectory extension changes and home telephone
numbers of officers and department managers.

22.

Transportation Clerk
a. Selects and recommends routes and modes of
travel.
b. Obtains rail and airline reservation and
tickets.
c. Obtains and delivers to traveler advance
travel funds.
d. Fills in memorandum vouchers forms denoting
amounts advanced for travel.
e. Obtains refunds when travel tickets are not
used.

23.

Typist-Clerk
a. Copy-types from rough draft.
b. Copy-types from draft, modifying expression
and forms as dictated by experience,
c. Types entries to forms, selecting appropriate
data from basic records.
d. Types stencils for mimeograph or multilith.
e. Operates electric typewriter.
f. Types routine letters, using predetermined
standard statements.
g. Types charts, arranging own spacing of mate­
rial.

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Federal Reserve Bank of St. Louis

APPENDIX A

OFFICE MEMORANDUM
TOs

All Officers, Department Managers and Assistant Depart­
ment Managers

FROM?

Mr. Davis

SUBJECT?

Job Evaluation Program

DATE?

May 27, 1946

The task of evaluating positions for wage adjustment pur­
poses is a difficult one requiring careful analysis and thought­
ful consideration of the many factors which affect performance of
duty. Since the administration of the duties of all of our offi­
cers, department managers and assistant department managers may
be affected one way or another by this analysis and evaluation,
we should all know the procedures which are to be followed in con­
ducting the analysis and the extent to which they will require
our time, attention and assistance. Outlined below is the ini­
tial schedule for starting the analysis.

Three primary problems must be faced concurrently in ini­
tiating the analysis?

A.

Personnel to serve as job analysts must be selec­
ted and trained. They should be employees who
have indicated their ability to perform respon­
sibly and who are generally well accepted by
their fellow employees.

B.

All employees of the bank must be familiarized
with the purpose of the analysis and the proce­
dures which will be followed.

C.

Functional and operational charts must be con­
structed. The types of charts desired are in­
dicated in appendices A and B to this memo.
Your assistance will be helpful in preparing
these charts. From these charts the analysis
schedule will be effected.

Analysts will be given as much training in the principles
and techniques of job analysis as is practicable. They must be
selected at the earliest possible date and clearance arranged
with their supervisors for release to this duty. It is estimated
that their services will be required for approximately four to six

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Federal Reserve Bank of St. Louis

months. Analysts chosen should be fairly representative of the
operating and service departments of the bank, and should be
fairly representative of the majority of workers in the bank.
As soon as the analysts are selected and their training is
initiated, conferences will be arranged with all officers, depart­
ment managers and assistants, and supervisors, so that all may be
acquainted with the purposes and procedures and so that the func­
tional operations and organizational structure of each department
may be mapped out on paper.

The steps listed below indicate the procedure which will
be followedc
A.

Selection of our analysts.

B„

Initiation of a training program for analysts to
include reading assignments, lectures, discus­
sions and practice job analysis.

C.

Meeting with Management Council to clarify any
questions regarding the program and to obtain
agreement on all procedures to be followed.

Do

Meeting with officers to present approved program
and to obtain recommendations for implementing
pro gram.

E.

Separate meetings with each officer immediately
responsible for certain functions, and his de­
partment managers and assistants, to obtain re­
commendations for implementing program and to ob­
tain necessary information to initiate charts of
functional operations and organizational struc­
ture.

F.

Separate meeting with each department manager and
assistant and their supervisors to acquaint them
with project purposes and procedures, to obtain
their suggestions for successfully carrying out
the program within their own department and to ob­
tain additional information required for charts
of functional operations and organizational struc­
ture.

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Go

Completion, of charts covering functional opera­
tions and organizational structure and scheduling
of actual job analysiso

The schedule for the branches will be essentially the same
as for departments of this banko Branch managers and personnel
heads will participate in the initial conferences listed aboveo
Each branch will be requested to select an analyst and to send
the analyst to St» Louis for training concurrent with the train­
ing given the analysts of this banko These analysts will partic­
ipate in the early stages of job analysis here and will return to
their banks only when they have indicated ability to perform sat­
isfactorily* At that time conferences will be arranged at the
branches with department managers and supervisors so that they
will be fully informed and so that their suggestions for implemen­
ting the program within their own banks may be obtained* In this
manner the analysis will be carried on concurrently in this bank
and at each of the branches*

None of the meetings should require more than an hour and
every effort will be made to schedule them at convenient times*
Some of us will participate in two or more meetings* This is be­
lieved desirable for the purpose of carrying continuity in thou^it
regarding this activity from one meeting to another* In this way
we may be assured not only that everyone concerned is sufficient^informed regarding the activity but also that all are in agreement
on the procedures to be followed* It is estimated that approx­
imately thirty days will be required for these various meetings
and the proper training of the analysts and completion of the
charts of functional operations and organizational structure* At
that time the actual analysis of jobs will begin*
This program covers only the initial stages of analyzing
jobs* It is not intended that the individuals who serve as ana­
lysts shall also serve as evaluators of jobs* Since evaluation
cannot begin until analysis has been completed, the methods and
procedures for evaluating the jobs which have been analyzed will
be the subject of a later memo and a later series of meetings and
discussions »

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Federal Reserve Bank of St. Louis

APPENDIX B

FEDERAL RESERVE BANK OF ST. LOUIS
ST. LOUIS 2, MISSOURI
June 27, 1946

TO ALL EMPLOYEES:
We are about to begin a careful re-study of all jobs in
the bank and the branches for the purpose of determining that
our rates of pay are fair and equitable. All Federal Reserve
Banks are making similar studies. Our original job classifica­
tion plan was approved by the Board of Governors in 1936. The
last survey in this bank was made early in 1942 with increased
rates becoming effective June 1, 1942, just prior to the Wage
Stabilization Order.

During the last four years the total personnel of the bank
has more than doubled. New positions have been created and old
ones have changed. It is time to re-study all positions, deter­
mine their proper relationship to each other and re-value them.
While the study is in progress we will continue to review sala­
ries for merit adjustments, and under no circumstances will sala­
ries be reduced as a result of the completed study.

The salary for any job depends upon such factors as skill
and training required and responsibilities involved. In order to
arrive at a sound basis for determining the true value of your
position you •will be asked to assist in obtaining an accurate
work description of your job, and its requirements and responsi­
bilities. This is a study of jobs and not of people or work per­
formance.
What we and the other eleven Federal Reserve Banks are
doing is not new or highly technical, but is simply an honest ef­
fort to use the best possible methods at our disposal in the
field of job analysis and evaluation. Experience has proven that
rates of pay which are based on a careful analysis of the duties
which make up a given job are generally regarded as fair and eq­
uitable.

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We know that we can count on your cooperation to assist
in this project which will in the final analysis place your job
in its proper relationship with others,, Please feel free to
consult with your department manager, any officer or the Person'
nel Department at any timeo

Sincerely,
(Signed)

Chester Co Davis

Chester Co Davis
President

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FUNCTIONAL CHART OF PERSONNEL DEPARTMENT

1


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Federal Reserve Bank of St. Louis

Medical Section

Personnel Records Section

1. Examines prospective employees.
2. Consults on medical problems.
3. Administers emergency treat­
ment;.
4. Visits employees absent because
of sickness.

1. Maintains current personnel
records.
2. Prepares required pers-onnel
reports.
3. Processes new employees.
4. Furnishes page service.
6. Maintains files and ledgers.
6; Furnishes reception, steno­
graphic and typist service to
department.
7. Prepares routine corres­
pondence .

C

u

Ui

Employee Relations Section
T7~EecruTts and pTaces” employees.
2. Counsels with employees on
personal problems and employee­
employer relations.
3. Conducts exit interviews.
4. Arranges transfers.
5. Prepares studies relating to
personnel policy.and.administra­
tion.
6. Conducts correspondence regard­
ing employees.
7. Arranges birthday luncheons.

APPENDIX

Personnel Department
17~Executes personnel policies
established by Board of Governors,
Management Council and Personnel
Committee of Bank.
2. Coordinates personnel activities
of. Bank with officers and Depart­
ment Managers.
3. Recommends revisions of person­
nel policies and procedures as
necess ary.
4. Maintains.liaison with person­
nel officials of Board.
5. Executes special personnel pro­
jects .

ORGANIZATION CHART OF PERSONNEL DEPARTMENT

APPENDIX

Note:

This is not intended as an organization chart of the Personnel Department of this bank,
but rather as a typical chart indicating channels of information and supervision.


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Page No____

BOARD OF GOVERNORS
OF THE FEDERAL RESERVE SYSTEM

Form A (Revised March, 1936)

APPENDIX E

PERSONNEL CLASSIFICATION PLAN

FEDERAL RESERVE BANK OR BRANCH,....... ....... ..
Date of Bank’s letter
submitting this page____ ____ __ ______ _


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Federal Reserve Bank of St. Louis

_____

Date of Board’s
letter of approval________________________________

Title of position

Department

Description of Work

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Maximum
annual
salary


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Federal Reserve Bank of St. Louis

APPENDIX F-l

JOB EVALUATION PROGRAM
PROCEDURES BULLETIN NO. 1

SUBJECT:

Procedures Bulletins to all Job Evaluation Analysts

As the Job Evaluation Program progresses it will be nec­
essary for us to adopt certain procedures so that the work of all
the analysts will be coordinated. As the necessity for the adop­
tion of such procedures becomes apparent the procedure to be
used will be published in a Job Evaluation Program Procedures
Bulletin.

Due to varying circumstances between the branches and the
St. Louis bank, certain procedures will apply only to the
branches, others only to the St. Louis bank, and still others to
both branches and St. Louis bank. Unless some restricting nota­
tion is placed on the bulletin such as: "St. Louis only", all
procedures bulletins will be considered to affect all analysts.

It is anticipated that all procedures bulletins will be
added as appendices to the Reference Manual for job analysts,
published July 3, 1946.
J. K. Gerdel

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Federal Reserve Bank of St. Louis

APPENDIX F-2
JOB EVALUATION PROGRAM
PROCEDURES BULLETIN NO. 2

TO:
SUBJECT:

- All Analysts
Capitalizing Titles

Wherever a title of a department, of a job or of a
form, report, regulation, etc. is used in the body of a job de­
scription, such title should be capitalized with the exception
of articles and prepositions.
Examples:

Senior Accounting Clerk
Regulation W

Traveling Expense Voucher
Monthly Statistical Report

J, K. Gerdel

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Federal Reserve Bank of St. Louis

APPENDIX F-3

JOB EVALUATION PROGRAM
PROCEDURES BULLETIN NO, 3

TO:

St, Louis Analysts only

SUBJECT:

Coordinating with officers

Analysts are requested to coordinate completed drafts
of job descriptions with the employees concerned and all supervi­
sory levels through and including department heads,

Where coordination with officers is required this co­
ordination will be effected ty Mr, Gerdel,

J, K. Gerdel

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Federal Reserve Bank of St. Louis

APPENDIX F-4

JOB EVALUATION PROGRAM
PROCEDURES BULLETIN NO. 4

TO:

All Analysts

SUBJECT:

Technical Review of Rough Drafts

In order to conserve the supply of Forms A and in
order to reduce the amount of typing required to complete the
Job Evaluation Program, it is recommended that all analysts in
the St. Louis bank and at the branches submit job descriptions
for technical review to Mr. Gerdel in draft form on plain bond
paper. Following technical approval the rough drafts submitted
by the branches will be typed in final form by the typists in
St. Louis. The final form will be prepared for the branches in
quadruplicate; two copies will be retained in St. Louis and two
copies will be returned to the branch.

Upon technical approval of drafts submitted by St.
Louis analysts, final Forms A will be prepared in triplicate. A
central file will be maintained in the St. Louis bank for the use
of all St. Louis job analysts; separate files need not be main­
tained by each analyst.

J. K. Gerdel

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APPENDIX G
JOB EVALUATION PROGRAM
PROCEDURES BULLETIN NO. 5

The following is a selected list of references in the
field of job evaluation. This list is by no means all inclusive;
it is rather a list of authoritative works in the field which are
generally available.

1.
2.

3.
4.
5.

6.

7.
8.
9.
10.
11.
12.

13.
14.
15.

Bingham & Moore - How to Interview
Chapters 1, 2, 4, 5, 6, 9 and 15
Yoder - Personnel Management and Industrial Relations
Chapters 1, 2, 5, 12, 13 and 14
Civil Service Assembly - Position Classification in
the Public Service - Chapters 1, 3, 4, 5, 8 and 10
Scott, Clothier, Mathewson & Spriegel - Personnel Man­
agement - Chapters 1, 11, 19, 20, 25 and 26
Federal Reserve System Banking Studies
Pages 5-38 and 249-272
Balderstone, C. C. - Wage setting Based on Job Analy­
sis and Evaluation
Dictionary of Occupational Titles, Part 1
Pages III through XXXII
Stigers and Reed - Theory and Practice of Job Rating
McMurry - Handling Personality Adjustment in Industry
Chapter XVI
Ells - Salary and Wage Administration
Scott - Manual of Advisement and Guidance
Pages 112-122 and 159-189
Tiffin - Industrial Psychology
Chapter 9
Personnel Administration - April 1946
Pages 12-19
Benge - Job Evaluation and Merit Rating
Chapters 2, 7 and 11
Watkins & Dodd - Management of Labor Relations
Chapters 1, 8, 18, 19 and 35

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Federal Reserve Bank of St. Louis

APPENDIX II

GRAPHIC PRESENTATION OF RECOMMENDED
SALARY CURVE AND SALARY RANGES FOR
FEDERAL RESERVE BANK OF ST. LOUIS
AND BRANCHES.

The two charts here presented are
based upon a scatter diagram obtained
from plotting the point values of St.
Louis jobs against the salary survey
data included in the ’’Salary Survey
Data” section of this manual.

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I

I


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Federal Reserve Bank of St. Louis

CT


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Federal Reserve Bank of St. Louis


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Federal Reserve Bank of St. Louis

APPENDIX III

JOB CLASSIFICATION SHEET

The attached form has been selected as the one on
which final job descriptions are to be written for record pur­
poses. The approval date for all job descriptions completed at
the time the Board of Governors initially approves this program
shall be the date of that approval. The approval date for all
job descriptions subsequently written shall be the date on which
the Officers’ Personnel Committee approves the establishment and
evaluation of the job.
The reviewed date shall be the date on which the chief
job analyst reviews an existing position and takes any action he
deems warranted.
The final job description written in the "Description”
section of this form shall consist of a brief statement of func­
tion describing the duties performed and a listing of the perfor­
mance elements typical to that job. The final job description
will not indicate percentage task; time nor element values. The
basic job descriptions from which the final job descriptions are
written will be maintained on file for references purposes in the
event of re-evaluations and for detailed comparative purposes.

For illustrative purposes a blank Job Classification
Sheet, an original detailed job description, and a completed job
classification sheet are included here.

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_______________________ ,____________ Brane h

ST. LOUIS FEDERAL RESERVE BANK
JOB CLASSIFICATION SHEET

Department___________________________


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Federal Reserve Bank of St. Louis

Title

Point Value
Salary Grade
Min.
Max.
Approval Date

.


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Federal Reserve Bank of St. Louis

Page

Personnel Department
Job #17

Under general supervision of Personnel Clerk and immediate
supervision of Secretaries, serves as Page and performs related
clerical duties.
I. Manually slits sealed envelopes of incoming mail (ex­
cept personal); removes enclosures and time stamps with machine,
envelopes and enclosures. Receives outgoing mail from secretaries; seals unsealed mail with wet sponge; hands to Page
05%

2. Receives and dispatches pneumatic tube carriers. Re­
moves material from Officer’s ’’Out” baskets and makes proper
25%
distribution.

3.

Runs errands in and out of building as instructed, 15%

4. Files correspondence alphabetically and in date order.
Files and maintains currently in loose leaf binders, regulations,
laws, and other administrative and instructural material.
10%
5. As instructed by secretary, types list of material
from ’’Out” basket of First Vice President and disposition to be
35%
made.

6.

Performs other miscellaneous duties:

a. Removes material for current day from suspense
file and hands to Secretary.
b. Maintains current list of par banks by manually
listing new par banks and canceling banks removed
from par list; obtains information from memorandums.

c. Answers telephone during absence of secretaries,
signaling officer or taking message.
d. Examines stock of supplies weekly and types re­
quisitions for needed supplies, supplying cor­
rect unit number; has secretary sign requisition
and personally delivers to Stock Department.

e. Types form letters occasionally.

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10%

St. Louis

Br.anch

Point Value
Salary Grade

ST. LOUTS FEDERAL RESERVE' BANK
JOB CLASSIFICATION SHEET

Department

Reviewed Date


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Federal Reserve Bank of St. Louis

Personnel

Title

362

2

Min.

1320

Max.

1800

Approval Date

Oct.

1,

Page

Description

Under general supervision of personnel clerk and immediate
supervision of secretaries to Vice Presidents, serves as Page
and performs such clerical duties as opening and sealing mail,
dispatching tube carriers, running assigned errands, filing,
routine copy-typing, and routine answering of telephone.
Typical Performance Elements:

1. - Manually opens incoming mail, both ordinary and
registered.
2. ,- Seals envelopes manually.
3. - Attends one pneumatic tube station, receiving and
forwarding'tube carriers.
4. - Carries addressed correspondence reports and other
records and papers from one point to another within
b ank.
5. - Files correspondence, reports, forms, signature or
inventory cards or cash letters alphabetically, chrono­
logically or numerically.
6. - Types letters and memoranda from long hand copy and
sample form letters.
7. . - Answers telephone directing calls to proper individual.

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1947

OFFICE

To:

All Officers and Department Managers

From:

Personnel Department

^ E M 0 R A N D U V

Date:

December 19, 1955

Subject: Revised Salary Structure - Special Salary Review for Employees in
Grades 1 through 11

We are enclosing Job Evaluation Manual Pages Nos. 27 and 32*
Page No. 27 has been revised to show our new salary structure5 which
becomes effective January 1, 1956; Page No* 32 has been revised to reflect
the action recently taken by Management Council to the effect that the
salaries of all employees in Grades 1 through 11 will be reviewed for salary
adjustment purposes by the Officers' Personnel and Welfare Committee and
that the salaries of employees in Grade 12 and above will be reviewed by
the Management Council*

Will you please substitute these pages for the present pages in your
Job Evaluation Manual and also change the minimums and maximums on your
present job classification sheets to conform with the revised salary struc­
ture *
The salaries of all employees will continue to be reviewed for adjust­
ment consideration on an individual merit basis. Hov/ever, in order that
the salary of each employee in Grades 1 through 11 may be reviewed as
promptly as possible for individual merit consideration in relation to the
revised structure, it is intended to review/ the salaries of these employees
during the next two months on the following basis, during which period the
regular semi-annual review/ schedules will be suspended:

Review/ Lists will
be Distributed in

For Employees in
Salary Grades

hFor Adjustments
Effective on

December

6 - 11

January 16, 1956

January

1-5

February 16, 1956

^■Schedule will apply to both under minimum and merit adjustments*
Adherence to the above schedule wall permit an orderly and thorough
review” of salaries of all employees and assure equitable treatment for
employees in all departments®


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8H-1414

OFFICE

MEMORANDUM

To:

All Officers and Department Managers

From:

Personnel Department

Subject:

Job Evaluation Manual Page No. 27

Date:

January 17, 1956

There is attached Job Evaluation Manual Page No. 27, which
has been revised to show our new salary structure which became
effective January 16, 1956, instead of January 1, as previously
reported.

Will you please substitute this page for the present page in
your Job Evaluation Manual and also change the minimums and maximums
on your present job classification sheets to conform with the revised
salary structure.


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Federal Reserve Bank of St. Louis

OFFICE

MEMORANDUM

To:
From;

Date;

February 21, 1949

H. H. Weigel

Subject: Change in Minimums and Maximums and Salary Administration Policy

The minimums and maximums of our salary grade structure have

been increased effective as of February 1, 1949,

Revised Job Evaluation Manual pages 27,31, 32 and 33 covering
general salary administration policies are attached and should be

substituted for the old pages in your Job Evaluation Manual,
There also is attached excerpt from the minutes of a meeting
of the Personnel Committee held February 16, 1949 (Management Council
approved recommendations of Personnel Committee on February 18, 1949)
setting out the new minimums and maximums and policy for administering

salaries under the revised structure.

Please change the minimums and

maximums shown on the Job Classification and Personnel Classification

sheets for your department to conform with the minimums and maximums
of the increased salary grades.
There is attached schedule of employees in your department in

grades 1 through 9 whose salaries are below the minimum as a result
of the structure increase.

It will be appreciated if you will re­

view this schedule and submit your recommendations for consideration
of the Personnel Committee.

Any under minimum adjustments to be­

come effective April 1, 1949, should be submitted as a special group

by March 1, 1949, so that they can be processed through the Personnel
Committee in time for presentation to our Board of Directors on

March 10, 1949.

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Excerpt from minutes of meeting of Personnel
Committee on February 16, 1949:

"It was reported that the Board of Governors in letter dated February 4, 1949,
approved the action of our Board of Directors at a meeting on January 13, 1949,
recommending an upward adjustment of approximately 10% in the minimum and maximum
of each salary grade for this office and branches, effective as of February 1, 1949.
The increased salary structure is as follows:

SALARY STRUCTURE
February 1, 1949

Grade

Median

Minimum

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15

1560
1680
1890
2130
2340
2610
2880
3280
3580
3980
4350
4800
5400
6250
7150

1320
1440
1620
' 1800
1980
2220
2460
2760
3060
3360
3700
4100
4600
5300
6100

Maximum

1800
1920
2160
2460
2700
3000
3300
3700
4100
4600
5000
5500
6200
7200
8200

16
9700
7200
8450
The Committee recommended for approval of Management Council the attached revised
Job Evaluation Manual pages 27, 31, 32 and 33 covering salary administration policies3
As a result of the structure increase, the salaries of some employees will be below
the minimum of their salary grades. In order that the under minimum salaries may
be brought within the appropriate range not later than May 1, 1949, the date suggest­
ed by the Board of Governors, the Personnel Department will furnish each department
manager with a list of employees affected in grades 1 through 9 for consideration
and appropriate recommendation.
Unusual cases may exist where an increase to the minimum by May 1, 1949 is not
justified because of unsatisfactory performance, or probable change in assignment
or release of an employee. Where unusual circumstances are believed to warrant post­
ponement of an under minimum adjustment, a recommendation should be submitted for
the consideration of the Officers’ Personnel Committee.
The Committee recognized that some inequities may be created by the closing of
existing salary differentials as a result of under minimum adjustments. Such
inequities will be adjusted through the regular salary review program. However, if
a department manager believes that there are impelling reasons for immediate ad­
justment in an individual case to correct such inequity, recommendation should be
submitted to the Officers’ Personnel Committee as a special case.

Under our new structure we have only three employees whose salaries are above the
maximum of their respective salary grades, and all are cases that were over maxi­
mum at the time of the installation of our job analysis and evaluation program.
We will continue our efforts to place these employees in jobs, for which they are
qualified, having responsibility commensurate with the salaries being paid."


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April 19, 1948

TO ALL OFFICERS AND DEPARTMENT HEADS:

EXCERPT FROM MINUTES OF PERSONNEL COMMITTEE MEETING HELD ON
APRIL 5, 1948:

nMr. Gerdel presented the results of an analysis of the initial
merit review which has just been completed. It was his observation
that the analysis indicated a generally conscientious and consistent
effort to rate employees and that the review provides a generally
reliable index of the contribution of each employee in his job.
Information received from officers and department managers concern­
ing individual ratings indicated some need for slight revisions in the
review form and in the supervisors’ rating manual.

It was recommended that a report similar to the one presented to this
meeting be made to the Management Council, with the further recommendation
that the department manager group would serve as a committee on revision
during which discussions of rating deficiencies could be explored. When
these discussions have been concluded the tentative revision of the form
and manual will be presented to an officers’ meeting for final discussion
and approval.

”It was also reported that the relative position in the community salary
structure which was selected for our mid-point last year has advanced
approximately nine per cent since the April 1947 survey.
It was the consensus that we should try to maintain the same relative po­
sition within the community salary structure as was decided upon last
year, and that consideration be given to meeting this increase through
our regular Merit Adjustment program.
Current branch city surveys indicate the differential between St. Louis
and branch city median salaries has been reduced by about three per cent
from the spread of last year. It was the consensus that we should con­
tinue with a single salary structure covering St. Louis and branch offices.”


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H. H. Weigel

April 19, 1948
TO ALL OFFICERS AND DEPARTMENT HEADS:

EXCERPT FROM MINUTES OF PERSONNEL COMMITTEE MEETING HELD ON APRIL 13, 1948:
nThe Committee met to consider the results of the salary survey completed on
February 15, 1948 and its effect on our present salary structure#

nThe mid-point of the salary structure established for this bank and branches
fell approximately at the middle of the third quartile range of the all-industry
salary data collected in April of 1947. The February 15, 1948 salary survey
shows that the all-industry median salaries in the St. Louis area have in­
creased. In order to meet this increase and maintain approximately the same
differential as existed between our established rates and the going rates for
the community, it is recommended that our normal salary line be approximately
9% above the mid-point established last year.
The new normal salary schedule is reflected by grades in the following table:

Grade

Minimum

Present
Normal Salary
(Mid-point)

Adjusted
Normal Salary

Maximum

$ 1620
$
1560
$ 1200
$
1410
1
2
1800
1320
1680
1560
3
1440
1710
1860
1980
4
2040
2160
1890
1620
5
2460k
1800
2130
2340
2760
6
2040
2400
2640
3060
7
2280
2880
2670
2970
8
3420
2520
3240
3600
3800
3280
9
2760
3060
10
3580
3900
4100
3420
4010
4380
4600
11
12
4860
3800
4450
5100
13
4950
5700
4200
5400
14
- 4800
6500 '
5650
6180
15
5600
6550
7140
7500
So that all personnel in the bank may be considered, it is recommended that during
the months of May, June and July we also consider those whose names came up for
review in February, March and April who would not otherwise bo considered again
until August, September and October.
The group usually considered by Management Council should also be reviewed within
the next ninety days.

Adjustments should continue to be on an individual merit basis. It is recognized
that the reason for speeding up the review at this time is to take into account
the changing salary picture in the community, particularly in view of the fact tha
during recent months we have exercised considerable caution in making adjustments
as we have been experimenting with the new procedures in salary administration.

The regular procedure for reviewing employees semi-annually on anniversary date of
employment will continue. However, in the light of increased wage rates in this
area, the review being conducted during the next 90 days will include the names
of employees who were reviewed during the last three months so that all may re­
ceive consideration, within the first six months of this year.”

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H. H. Weigel

April 19, 1948

TO ALL OFFICERS AND DEPARTMENT HEADS:

EXCERPT FROM MINUTES OF MANAGEMENT COUNCIL MEETING HELD APRIL 13, 1948:

”A report on Merit Review which had previously been reviewed and
approved by the Personnel Committee at its meeting on April 5,
1948, was presented and discussed. The recommendation of the
Personnel Committee that the form and/or manual be revised in the
light of our experience with the initial review, and that further
discussion and educational meetings with the department managers
be held with final submission to a full officers’ meeting was adopted.
A report and recommendation of the Personnel Committee (copy
attached) regarding salary adjustments in the light of February 1948
salary survey data was also adopted.
It was agreed that during the next ninety days all employees
normally reviewed for salary adjustment purposes would be so
reviewed, and that, in addition, all employees who had been
reviewed during the preceding ninety days would again be reviewed.
This is to be accomplished by reviewing the February-May group
in April, the March-June group in May, and the April-July group
in June.

In addition, it was agreed that a review by Management Council of
employees in grade 10 and above would also be accomplished during
the next ninety days, and that all other employees previously re­
viewed by Management Council would be included in the regular reviews
described above.
The members of the Management Council expressed the consensus that
there should be no blanket, flat-percentage adjustment, but that all
adjustments should be made on the basis of individual merit, taking
into account, the position of the individual within his salary bracket
and the changing salary picture in the community.”


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