can you rewrite this by adding citations and references? Purpose of Job Evaluation The primary purpose of job evaluation is to systematically assess the relative worth of jobs within an organization. This process helps to establish fair compensation structures, ensure internal equity, and provide a basis for salary administration. Job evaluation can also assist in identifying training needs, career development opportunities, and organizational structure. Methods of Job Evaluation There are several methods of job evaluation, including: Point Factor Method: This method assigns points to various compensable factors (such as knowledge, responsibility, and decision-making) based on their importance and the levels of each factor present in a job. The total points determine the job's relative worth. Job Ranking Method: Jobs are ranked in order of their value to the organization, but this method is less precise and can be subjective. Job Classification Method: Jobs are grouped into predefined categories or classes based on their characteristics. Factor Comparison Method: This method involves comparing jobs against key factors and assigning monetary values to each factor. Method Used in This Exercise In this exercise, the Point Factor Method was used. We identified three compensable factors (Knowledge, Responsibility, and Decision-Making) and assigned points based on the levels of each factor for the similar job titles. This method allowed for a structured and quant approach to