An objective job evaluation process is essential to determine the relative worth of a position. One way to objectively conduct a job evaluation is the point method. Which statement best describes the point method of job evaluation?

It ranks jobs in order, from highest to lowest, based on their value to the organization.

It breaks down jobs into various compensable factors and places weights on them.

Job descriptions are written and placed into a pay grade according to the class description it best matches.

An human resource analyst ranks the jobs from highest to lowest value based on their understanding of the duties and responsibilities.