Asked by Taylor Rooney on Sep 23, 2024
Verified
The _____ method of job evaluation establishes pay grade categories and then groups job descriptions within these broad categories.
A) benchmarking
B) job classification
C) point rating
D) ranking
E) factor analysis
Job Evaluation
A systematic method for determining the relative worth of a job in relation to other jobs within an organization.
Pay Grade Categories
Divisions or levels in a pay scale that determine the salary range for different positions within an organization.
Benchmarking
The practice of comparing business processes and performance metrics to industry bests or best practices from other companies.
- Identify different methods of job evaluation and understand their implementation in managing compensation.
Verified Answer
PB
Panos Bounos2 days ago
Final Answer :
B
Explanation :
Job classification method involves grouping jobs into categories or classes based on similarities in their job descriptions, duties, and responsibilities. It does not assign a specific numeric value or point to each job, unlike the point rating method. The benchmarking method compares job descriptions to similar jobs in other organizations to determine pay levels, ranking method compares jobs to each other to determine relative value, and factor analysis involves identifying key factors that contribute to job value and weighting them accordingly.
Learning Objectives
- Identify different methods of job evaluation and understand their implementation in managing compensation.