Which of the following is a method of job valuation in which jobs are arranged by a committee in a simple order from lowest to highest in value? a) Classification method B) Comparison method NS) Sort method D) Rating method TO) Spacing method
Which of the following is a method of job valuation in which jobs are arranged by a committee in a simple order from lowest to highest in value? a) Classification method B) Comparison method NS) Sort method D) Rating method TO) Spacing method
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
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Which of the following is a method of job valuation in which jobs are arranged by a committee in a simple order from lowest to highest in value? |
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Step 1
Factor comparison is defined as one of the systematic and scientific method which is designed to carry job evaluation which do not rank the jobs as a whole, ranks according to a series of factors.
The aim of factor comparison method is to assign financial value to the relative parts of each job role.
Factor comparison breaks down a job into a small number of key factors, such as skills, effort, knowledge and responsibilities.
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