Asked by Giansa Viola on May 11, 2024
Verified
Brad, a manager at a new investment firm, is performing job evaluation. He selects 12 benchmark jobs in the firm and then ranks each of these jobs against compensable job factors such as physical effort, responsibility, skill, and nature of the working conditions. This ranking is based on job descriptions created during job analysis. Later, the management meets as a group and develops a consensus on the assigned values for each job. In the given scenario, which of the following systems or methods is Brad most likely using for job evaluation?
A) The point system
B) The classification system
C) The factor-comparison method
D) The market-basket analysis method
Factor-Comparison Method
A systematic approach in job evaluation, where jobs are compared based on key factors to establish relative worth.
Benchmark Jobs
Key positions within an organization used as a standard or reference to evaluate the value of other jobs or to establish pay scales.
Job Analysis
Is the process of gathering and organizing detailed information about various jobs within an organization so that managers can better understand the processes through which they are performed most effectively.
- Understand various approaches to job assessment and their use in establishing pay scales.
Verified Answer
BR
bc180402876 ROMANA BIBIMay 11, 2024
Final Answer :
C
Explanation :
Brad is using the factor-comparison method for job evaluation, as this method involves ranking benchmark jobs against compensable factors and then assigning monetary values to each factor to evaluate the jobs, which aligns with the process described.
Learning Objectives
- Understand various approaches to job assessment and their use in establishing pay scales.