Unit 5 human Resources

Answers must be in APA format, with in text citations. have a minimum of 1200 words with a total of 3 sources. Book citation: Bethel University. (2013). Human Resource Management, An Experimental Approach, Sixth Edition. Retrieved from https://www.betheluniversityonline.net

1. Distinguish between the following job evaluation methods:

a. Ranking
b. Classification
c. Factor comparison
d. Point method

2. Describe the various factors relating to the employee in determining pay and benefits.

3.What are some company-wide team-based pay plans?

4. What is the purpose of establishing pay ranges?

Solution Preview

QI Distinguish Between The Following Job Evaluation Methods:
a) Ranking
This method refers to where the overall job in an organization is compared with the rest and ranked based according to the content, complexity or contributions concerning the attainment of the organization’s objectives (Leonard, 2018). Thus considered more accessible and inexpensive compared to other methods. For instance, a marketing analyst is ranked higher than the gatekeeper.

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