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Factor-Comparison Method
A technique used in job evaluation that involves comparing jobs to a series of key factors and assigning monetary values to them.
Point System
A method for evaluating or ranking options based on the allocation of points to criteria deemed important.
Compensable Factors
Elements of a job that are used to determine its value and appropriate compensation, including factors like skill level, effort, responsibility, and working conditions.
Job Evaluation
A systematic process for assessing the relative worth of jobs within an organization to establish fair compensation.
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