Which approach orders jobs based on their rank and file?

Prepare for the HRM/324T Total Compensation Test with engaging flashcards and multiple-choice questions. Boost your understanding with explanations for each question and get exam-ready!

The job ranking approach is the correct answer because it specifically involves ordering jobs based on their relative importance or value to the organization. In this method, jobs are evaluated and placed in a hierarchy from highest to lowest based on factors such as skill level, responsibilities, and value to the organization.

This approach is straightforward and easy to understand, making it a popular method for small organizations or when evaluating a limited number of positions. It focuses purely on the ranking of jobs rather than fixing monetary values or precise comparisons between job variables.

While the job comparison approach also deals with evaluating jobs, it involves a more complex comparison of specific job factors against one another rather than simply ranking them in a straightforward hierarchy. The job evaluation method is a broader category that encompasses various techniques for determining job value, and point factor analysis specifically quantifies jobs based on defined factors rather than just ranking them. Hence, ordering jobs based on rank and file is synonymous with the job ranking approach.

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