Job Evaluation Provides a Formal,systematic Basis for Determining the Market

question 57

True/False

Job evaluation provides a formal,systematic basis for determining the market value of jobs and establishing external pay equity in the organization's compensation system.

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Definitions:

Organizational Differentiation

The process of dividing an organization into distinct units or departments each with its specific responsibilities and roles.

Job Candidate

An individual who applies for and seeks employment in a specific position or role within an organization.

Specific Job

A particular position or role within a company or organization that has a defined set of responsibilities and requirements.

Product Quality

The measure of a product's ability to meet or exceed customer expectations.