Question

Compare and contrast the following methods of job evaluation: ranking, classification, factor comparison, and point method. Please cite your sources in APA format and respond to three of your classmates’ postings.

Answer 1

JOB EVALUATION--​​ Job evaluation is a systematic process of establishing the value or worth of job in a job hierarchy. It is a practical technique to judge the size one job relative to others. It helps in managing succession in organization and setting value-based pay policies. It gather data and information relating to job description and job specifiction.

METHODS OF JOB EVALUATION- Methods of job evaluation and comparing & constrasting are as follows-

1. Ranking Method- In this method raters examine job description and arrange joba according to value to company. It is the simplest, oldest and least often used job evaluation technique. It involves ordering of job descriptions from highest to lowest in value. It is a non-quntitative method.
2. Classification Method- In classification method jobs placed in grades to compare their descriptions to the benchmarked jobs. It slots jobs into pre established grades. It is simple, easy to use for large number of jobs and one rating scale. It is also a non-quantitative method.
3. Factor comparison Method- In this method jobs are ranked according to a series of factors such as mental effort or physical effort, etc... It is a quantitative method. It is easy to use, hard to consruct and has inaccurate overtime.
4. Point Method-In this method numerical values are assigned to specific job components. Jobs are rated and allocated points on several criteria. It identify the factors to all indentified jobs such as skill, effort, responsbility etc. It is also a quantitative method. Its is accurate and overtime but may be costly.