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[Music] the information derived from job analysis is vital for establishing the relative worth of jobs within the company through a systematic process called job evaluation the four most common types of job evaluation are job ranking job classification point factor and factor comparison the first two approaches job ranking and job classification are qualitative approaches point factor and factor comparison are quantitative approaches to job evaluation next well give a brief overview of the point method of job evaluation the most commonly used type of job evaluation is the point method sometimes referred to as the point factor method this quantitative approach to job evaluation uses a point value scheme that yields a score for each job the scores for various jobs are then compared to determine their relative worth the point method is developed by first identifying a set of factors for which the company is willing to pay these compensable factors are chosen because they represent aspect
