Job evaluation is an important exercise in any organization today which determines the value/worth of a job in totality with respect to other jobs in an organization. One of the most basic and simple method of doing it is the ranking method.
In a ranking method, jobs are arranged in order of their value or merit to the organization. Accordingly the jobs at the top of the list provide more value to the organization and its relative importance keeps decreasing as we move down the list.
The 'worth' of a job is usually based on judgments of:
It has often been seen that due to its simplistic nature, this method works well for small organizations but is not very effective for big organizations where the jobs are large in number and thus this becomes a complex process.
This article has been researched & authored by the Business Concepts Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.
Browse the definition and meaning of more similar terms. The Management Dictionary covers over 2000 business concepts from 6 categories.
Search & Explore : Business Concepts
What is MBA Skool?About Us
MBA Skool is a Knowledge Resource for Management Students & Professionals.
Business Courses
Quizzes & Skills
Quizzes test your expertise in business and Skill tests evaluate your management traits
Related Content
All Business Sections
Write for Us