KayDen Corp., a small organization with 15 employees, conducts job evaluation using the least expensive method for the first time.In this case, KayDen is most likely to have used the _____.
A)classification method
B)point method
C)ranking method
D)Hay plan

Question

Quizplus · Accepted Answer

The ranking method is the least expensive job evaluation method and involves listing jobs in order of importance or value to the organization based on overall duties and responsibilities. This method is commonly used by small organizations with limited resources for job evaluation. The classification method involves grouping jobs into predetermined categories based on similar levels of responsibility and is more commonly used in larger organizations. The point method and Hay plan are more complex and expensive job evaluation methods that are typically used by larger organizations with more resources. Therefore, the most likely method used by KayDen Corp. is the ranking method as it is the most cost-effective option for a small organization.