ENTREPRENEURIAL OPERATIONS
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Skill, effort, Accountability
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Skill, job enrichment, accountability
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Wage, job enrichment, accountability
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Wage effort, accountability
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Detailed explanation-1: -Under point method, factors generally considered are Skill, effort and Accountability. The point method is an extension of the factor comparison method. Each factor is then divided into levels or degrees which are then assigned points. Each job is rated using the job evaluation instrument.
Detailed explanation-2: -Which of the following is true of the point factor method of job evaluation? It is a complex quantitative method that combines the ranking and classification methods. It looks at compensable factors in a group of similar jobs and assigns weights to them.
Detailed explanation-3: -As such, the benefit of point-factor based job evaluation methods is that they can give you a clear marker you can use to increase the objectivity and consistency of your findings.