Question

A quantitative job evaluation procedure that determines a job's relative value on the basis of quantitative assessments of specific job elements is known as:
a. the point system.
b. the job ranking system.
c. the factor comparison method.
d. the job grade system.

Answer 1

Answer:

A. The Point system

Explanation:

Job evaluation is the process of comparing the the value  of a job in relation to other jobs.  It compares jobs, to assess their relative worth for the purpose of establishing a rational pay structure.  

The point system is a type of quantitative job evaluation procedure that breaks down job based on various identifiable factors such as skill, effort, training, knowledge, hazards, responsibility, etc. Thereafter, points are allocated to each of these factors. In this method of job evaluation, each factor is given weight based on their importance in performing the job. thereafter, points allocated to each of the are then summed and the job pay is allocated based on the total points of each job.