Job evaluation provides a formal,systematic basis for determining the market value of jobs and establishing external pay equity in the organization's compensation system.

Question

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Job evaluation measures the worth of a job based on its responsibilities, qualifications, and other factors, enabling organizations to ensure fair and equitable pay for all employees while remaining competitive in the job market. It establishes internal equity and external competitiveness, allowing companies to attract and retain talented workers while also avoiding any legal or ethical concerns.

Job Evaluation Provides a Formal,systematic Basis for Determining the Market