Asked by Ethan Berumen on May 28, 2024
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.
Verified Answer
Learning Objectives
- Become familiar with the components of the compensation mix and their purposes.
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