ENTREPRENEURIAL OPERATIONS
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which are more in number in the organisation.
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Which are most important for the survival of the organisation
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Which are most secure
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All of the above
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Detailed explanation-1: -Four primary methods of job evaluations used to set compensation levels are point factor, factor comparison, job ranking and job classification.
Detailed explanation-2: -Job analysis is an important step in ensuring that the right candidate is selected. Job analysis helps the employer in recruitment and selection, performance management, choosing compensation and benefits, etc. It helps the employees to have a clear picture of what is actually required of them.
Detailed explanation-3: -The most widely used method of job evaluation is point rating method. Under it, jobs are divided into component factors. Points or weights are assigned to each factor depending on the degree of its importance in a particular job. The total points for a job indicate its relative worth or value.
Detailed explanation-4: -Skill. Experience. Education. Ability. Responsibilities. Fiscal. Supervisory. Effort. Mental. Physical. Working Conditions. Location. Hazards. Extremes in Environment.