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- The points for each factor are summed to form a total point score for the job. Jobs are then grouped by total point score and assigned to wage/salary grades so that similarly rated jobs would be placed in the same wage/salary grade.
www.hr-guide.com › JobEvaluation › Job_Evaluation_PointMethod
The point method is an extension of the factor comparison method. Each factor is then divided into levels or degrees which are then assigned points. Each job is rated using the job evaluation instrument. The points for each factor are summed to form a total point score for the job.
Point factor. The point factor method is a commonly used quantitative technique. This approach breaks down jobs into compensable factors identified during a job analysis.
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Feb 12, 2021 · The point value method evaluates jobs that a company has and ensures that pay scales match. This system also helps companies determine which roles are of the most value to the...
Jul 1, 2023 · 1. What is job evaluation using Point Factor Method? It’s a systematic approach to determining the relative worth of a job role within an organization. It uses a point system to assign value to different job components. 2. What are the four major factors involved in this method?
What is Point Method? This method is used for job evaluation. It helps in evaluating jobs by giving a detailed, analytical and quantitative evaluation. It identifies certain number of factors i.e. various characteristics of jobs and the determining degree to which the ease of such factors is present in the job.
In this article, we will focus on the point method, which is a quantitative method that assigns points for each job. Points are awarded based on predetermined weights and scales for several compensable factors, and the sum of the points for each job will result in its comparable worth.
Author: Joseph J. Martocchio, Professor Emeritus, University of Illinois at Urbana-Champaign. The point method evaluates jobs by comparing compensable factors - elements of job content like skill, effort or responsibility that can be used to assess a job's value to the organization.
