Ranking method is one of the simplest performance evaluation methods. Thomas E. Hitten has originated factor comparison method of job evaluation. Using the most common and most suitable method can give you the security that your pay structures ensure equity in pay. False. Job evaluation is a method for comparing different jobs to provide a basis for grading and pay structure. Each job as a whole is compared with other and this comparison of jobs goes on until all the jobs have been evaluated and ranked. The four primary methods of job evaluations used to set compensation levels are point factor, factor comparison, job ranking, and job classification. The second method is one of awarding points for various aspects of the job. 9 4. The job evaluation method that most resembles a bookcase with many shelves is _____. Ranking Method: It is a simple method of job evaluation. 2. Does not consider market compensation rates. 1. Today, this approach is rare and widely considered to be unreliable. They are as follows: 1. Factors of factor comparison. Job Evaluation Methods There are 4 basic and traditional systems of job evaluation: The Ranking System, Job Classification or Grading system, the Factor Comparison System, and the Point System. Ranking Method of job evaluation – This is simplest form of job evaluation method. Job Ranking. True. Job evaluation as a process is advantageous to a company in many ways: Reduction in inequalities in salary structure - It is found that people and their motivation is dependent upon how well they are being paid. This method involves ranking of jobs in respect of certain job factors and assigning of money wages to the job depending upon the ranking. these methods of job evaluation is presented in the next section. The committee composed of executives and representatives of […] Thirdly, evaluations can uncover work flow gaps that can slow production. Therefore, job evaluation begins with job analysis and ends at that point where the value of a job is determined for achieving pay equity between jobs. Simple and easy to understand. Job Ranking Method - This is the oldest and simplest method of job evaluation. A second common reason is to discover overlapping jobs that cause two or more workers to perform the same duty. ADVERTISEMENTS: Read this article to learn about the following four methods of job evaluation, i.e., (1) Ranking Method, (2) Grading Method, (3) Point Method, and (4) Factor Comparison Method. It consists of three stages: (i) Making a thorough job analysis. It is important to remember that the fundamental principles of job evaluation are to evaluate the position and not the person. Job Evaluation: Ranking Method: Interactive Program Instructions: Enter job titles into the box below then press one of the 'Ranking Method' buttons. 2. 9. There are a number of job evaluation methods to choose from. False. It is a process which is helpful even for framing compensation plans by the personnel manager. In a ranking method, jobs are arranged in order of their value or merit to the organization. 3. The job is assigned to a specific category or grade providing the closest match to the job. The simplest form of job evaluation, job ranking is a whole-job, job-to-job comparison resulting in an internal job value hierarchy from highest to lowest. The grading decision is made by assessing the job in direct comparison with other jobs by making a discretionary decision. Job ranking; Job ranking is probably one of the simplest methods of Job Evaluation. Here, the jobs are often examined as a whole rather than looking into individual factors. In this method no effort is made to break a job down into its elements or factors, but the aim is to rather judge the job as a whole and determine the relative value by ranking one whole job against another whole job. Selecting a job evaluation method. 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