Which term describes a structured process to determine a job’s value relative to others?

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Multiple Choice

Which term describes a structured process to determine a job’s value relative to others?

Explanation:
The term that describes a structured process to determine a job’s value relative to others is "Job evaluation." This process involves assessing the relative worth of jobs within an organization by examining the duties, responsibilities, and the value each job brings in comparison to others. Job evaluation provides a systematic approach to ensure fairness and equity in compensation, helping organizations establish appropriate salary structures based on the assessed value of each position. This structured evaluation takes into account various factors, including the complexity of tasks, the skills required, the level of responsibility, and the impact of the job on the organization's goals. By employing job evaluation techniques, organizations can make informed decisions regarding pay structures and address any potential disparities among different roles.

The term that describes a structured process to determine a job’s value relative to others is "Job evaluation." This process involves assessing the relative worth of jobs within an organization by examining the duties, responsibilities, and the value each job brings in comparison to others. Job evaluation provides a systematic approach to ensure fairness and equity in compensation, helping organizations establish appropriate salary structures based on the assessed value of each position.

This structured evaluation takes into account various factors, including the complexity of tasks, the skills required, the level of responsibility, and the impact of the job on the organization's goals. By employing job evaluation techniques, organizations can make informed decisions regarding pay structures and address any potential disparities among different roles.

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