Question

The process of determining pay depending on the worth of a job is called

Answer 1

The answer is job evaluation.

The process of determining pay depending on the worth of a job is called job evaluation. This also helps in deciding the pay given to the employees is fair and equitable. One of the simplest methods of job evaluation is job ranking. In this case, all the job titles in the organization are listed. They are then ranked in order of relevance.