Asked by Anissa Bello on Sep 23, 2024
Verified
The simplest job evaluation method is:
A) benchmarking
B) performance appraisals
C) the point rating method
D) job ranking
E) factor analysis
Job Evaluation Method
A systematic process for comparing different jobs to determine appropriate compensation levels based on their relative worth or complexity.
Benchmarking
The process of comparing business processes and performance metrics to industry bests and best practices from other companies.
Performance Appraisals
The systematic evaluation of an employee's job performance and contribution to their organization.
- Comprehend the diverse approaches to job evaluation and their utilization in the field of compensation management.
Verified Answer
EC
Eliud Cardoza2 days ago
Final Answer :
D
Explanation :
Job ranking is the simplest job evaluation method where jobs are simply ranked in order of their perceived value or worth to the organization. This method does not require any complex calculations, can be easily understood by employees, and is cost-effective. Therefore, it is the best choice among the options given.
Learning Objectives
- Comprehend the diverse approaches to job evaluation and their utilization in the field of compensation management.