There are generally three methods used for evaluating jobs: Ranking, Classification, and Point method. Prepare a short
Question:
There are generally three methods used for evaluating jobs: Ranking, Classification, and Point method. Prepare a short description of each method, including your responses to the following: What are the main features of each evaluation method? (In other words, what is a general description of each method? Examine each method by looking at its potential downside. What are the essential weaknesses in each of these evaluation methods? Describe a situation in which each method would not be effective for a business. For example, when would ranking be either impractical or unfair? When would the point method be too complicated to be effective in evaluating work for creating a salary structure?
Fundamental Managerial Accounting Concepts
ISBN: 978-0078110894
6th Edition
Authors: Edmonds, Tsay, olds