Correct Answer: Correct answer is: (D) Assessment method.
Exam Relevance: HRM exams, MBA exams, Competitive exams in management
Difficulty: Moderate
Concept notes: Job evaluation methods are systematic approaches used to determine the relative worth of jobs within an organization. Common methods include the factor comparison method, point method, and ranking method. The assessment method is not a recognized job evaluation method.
Common Mistakes: Students may confuse the assessment method with other evaluation methods that involve some form of assessment, such as performance assessment or skill assessment.
Explanations: The factor comparison method, point method, and ranking method are well-established job evaluation techniques. The factor comparison method involves comparing jobs based on several compensable factors. The point method assigns points to jobs based on the presence and degree of job factors. The ranking method involves ordering jobs from highest to lowest in terms of value. The assessment method, however, is not a recognized job evaluation method and is likely a distractor.
Option Analysis: - Option A: Factor comparison method is a recognized job evaluation method.
- Option B: Point method is a recognized job evaluation method.
- Option C: Ranking method is a recognized job evaluation method.
- Option D: Assessment method is not a recognized job evaluation method.
Mnemonic: FCPRA (Factor Comparison, Point, Ranking, Assessment)