Job evaluation point-factor system

Correct Answer: Reevaluate and adjust the point allocation for the 'Decision Making' factor to better reflect its importance.

Reevaluating and adjusting the point allocation ensures that the 'Decision Making' factor accurately reflects its importance in the job evaluation system. This approach maintains the integrity of the evaluation process by aligning point distribution with the actual value of each factor, rather than eliminating or merging factors or simply increasing the total points, which could distort the system.

Correct Answer: Jobs are assessed based on multiple compensable factors, each assigned a specific point value.

The correct answer is that jobs are assessed based on multiple compensable factors, each assigned a specific point value. In a point-factor job evaluation system, various aspects such as skill, effort, responsibility, and working conditions are evaluated and assigned points. This allows for a systematic and quantitative comparison of different jobs. The other options either rely on a single factor, rank jobs without considering multiple criteria, or focus on external market data instead of internal factors.

Correct Answer: By assigning relative weights to each factor based on its importance to the organization

The significance of each compensable factor in a job evaluation point-factor system is determined by assigning relative weights to each factor based on its importance to the organization. This approach ensures that more critical factors receive greater emphasis in the evaluation process. Other options are incorrect because establishing a hierarchical structure does not explicitly assign weights, evaluating factors solely through employee performance metrics is too narrow, and applying a standardized scale uniformly ignores the varying importance of different factors.