Job Evaluation Method: Factor Comparison Method
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Based on the job evaluation methods mentioned in your textbook, use the CSU Online Library to look up additional information about the method you believe is best. Describe the evaluation method, explain your decision for choosing it, and use specific examples to support your answer.
Your answer should be at least one page long and follow APA format. Make sure to cite your references. You are required to use an additional resource other than your textbook.
Henderson, R. I. (2006). Compensation management in a knowledge-based world (10th ed.). Upper Saddle River, NJ:
Prentice Hall.
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Solution Summary
This APA formatted solution (complete with references) describes the factor comparison method for evaluating employees, and why it is a good method to use for evaluating employees. Specific reasons, advantages and disadvantages are discussed.
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The factor comparison method is a systematic and scientific method type of evaluation. The factor comparison method is more complex than the whole job ranking, but it offers documentation and more stable criteria in which to base assessments. In comparison to the classification system, the factor comparison method does not require jobs fit into pre-defined categories. The factor comparison method is consistent and uses a series of factors to rank each job. The factors included "mental effort, physical effort, skill needed, responsibility, supervisory responsibility, working conditions and other such factors (for instance, know-how, problem solving abilities, accountability, etc)" (Rao, 2013). Compensation is assigned by comparing the weights of the factors required for each job. The most important factors will carry the most weight, ...
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