Asked by Ethan Berumen on May 28, 2024

verifed

Verified

Which of the following refers to job evaluation?

A) determining how well a job is performed
B) surveying the market
C) ranking all jobs according to their value to the firm
D) establishing the skill level of each employee

Job Evaluation

A systematic process used to determine the relative worth or value of a job in comparison to other jobs within an organization.

Market Surveying

The process of gathering, analyzing, and interpreting information about a market, including potential customers and competitors.

Skill Level

The degree of competence or expertise required to perform a job effectively, often determined by education, training, and experience.

  • Become familiar with the components of the compensation mix and their purposes.
verifed

Verified Answer

ZK
Zybrea KnightJun 01, 2024
Final Answer :
C
Explanation :
Job evaluation is the process of ranking all jobs according to their value to the firm. It involves identifying and analyzing the duties and responsibilities of each job and determining its relative worth within the organization's hierarchy. The aim of job evaluation is to establish a fair and objective system for determining the pay and other rewards for each job, based on its value to the organization. The other options (A, B, and D) are related to performance appraisal, market analysis, and skills assessment, respectively, but not to job evaluation specifically.