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MAX_JOB_SLAVE_PROCESSES has been deprecated in 11gR2 - http://docs.oracle.com/cd/E11882_01/server.112/e23633/changes.htm#UPGRD14999
Replaced by JOB_QUEUE_PROCESSES - http://docs.oracle.com/cd/E11882_01/server.112/e25513/initparams109.htm#REFRN10077
A value of 1 is sufficient if you not not planning to use DBMS_JOB, Scheduler, MVs and Streams heavily.
How to determine the correct setting for JOB_QUEUE_PROCESSES [ID 578831.1]