What is job evaluation explain the various methods of job evaluation?
Answers
Answer:
Job evaluation is a systematic method of determining a job’s relative worth within an organization.
Explanation:
1. Ranking Method
This method ranks jobs in order based on each job’s perceived value in relation to the others.
2. Classification/Grading Method
With this approach, generic job characteristics are grouped to reflect levels of skill/responsibility at a number of predetermined grade classifications.
3. Point–Factor Method
This approach identifies job factors that add value and worth to a position. The job factors are separated into groups (i.e., skill, responsibility, effort) and assigned a numerical or weighted point value. The points for individual factors are added up to get a point value for the whole job.
4. Factor Comparison Method
With this method, job factors are identified under primary groups (i.e., skill, effort, responsibilities, working conditions) typically up to five groups.
5. Competitive Market Analysis Method
This approach looks at external data.