Job Evaluation
Job Evaluation is a systematic process used by organizations to assess the relative worth of different jobs within the company. This evaluation helps determine appropriate salary levels and ensures that employees are compensated fairly based on their job responsibilities, skills, and experience.
The process typically involves analyzing job descriptions, responsibilities, and required qualifications. Various methods, such as point factor or job ranking, may be used to compare jobs objectively. Ultimately, Job Evaluation aims to create a structured pay system that promotes equity and transparency in compensation practices.