Describe the three types of job evaluation—job ranking, point-factor, factor comparison—and discuss whether they are more objective or subjective in form.
What will be an ideal response?
The job ranking method is simply the process of putting jobs in order from lowest to highest or vice versa, in terms of value to the company. However, it has limited usefulness because it is subjective. Point-factor methods, on the other hand, attempt to be completely objective in form. They break a job down into component skills or abilities, known as factors, and then apply points to each factor based on its difficulty. The factor comparison method combines the ranking and point-factor methods to provide a more thorough form of job evaluation. It identifies benchmark jobs and then analyzes and rank-orders them. All other jobs in the organization are then compared to the benchmark jobs to determine where each one fits in the rankings.
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