The most widely used method of job evaluation is:
A) benchmarking
B) performance appraisals
C) the point factor rating method
D) ranking
E) factor analysis

Question

Quizplus · Accepted Answer

The point factor rating method is the most widely used method of job evaluation. It involves breaking down jobs into compensable factors such as skill, effort, and responsibility, and assigning points based on the level of each factor required for the job. These points are then totaled to determine the job's overall relative worth and placement in the pay structure. Other methods such as benchmarking, performance appraisals, ranking, and factor analysis may also be used in conjunction with point factor rating, but they are not as widely used on their own.

The Most Widely Used Method of Job Evaluation Is