Outcome # 3 Flashcards
Job evaluation
the systematic process of determining the relative worth of jobs to establish which jobs should be paid more
Job ranking system
The simplest and oldest system of job evaluation by which jobs are arrayed on the basis of their relative worth
job classification system
A system of job evaluation in which jobs are classified and grouped according to a series of predetermined
wage grades
Point system
A quantitative job evaluation procedure that determines the relative value of a job by the total points assigned to it
work valuation
A job evaluation system that seeks to measure a job’s worth through its value to the organization
Hay profile method
A job evaluation technique using three factors—knowledge, mental activity, and accountability—to evaluate executive and managerial positions
wage and salary survey
A survey of the wages paid to employees of other employers in the surveying organization’s relevant
labor market
