The most widely used method of job evaluation is:

A) benchmarking
B) performance appraisals
C) the point factor rating method
D) ranking
E) factor analysis

Job Evaluation

A systematic process for determining the relative worth of a job in relation to other jobs within an organization, often to inform compensation decisions.

Point Factor Rating Method

A systematic approach used in job evaluation that assesses jobs based on a range of factors, each assigned a point value based on its importance.

Benchmarking

A process of measuring products, services, and practices against those of leading companies to identify areas for improvement.