In the united states, employee salaries are increasingly based on ______________ rather than internal job evaluation.

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Ventalexander7753idn Ventalexander7753idn

02-08-2022
Business

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In the united states, employee salaries are increasingly based on ______________ rather than internal job evaluation.

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AnkitMidn AnkitMidn · Answer 1 · 2022-08-14T11:50:16-04:00

In the united states, employee salaries are increasingly based on market pricing rather than internal job evaluation.

Job evaluation is the process of determining how much remuneration to assign to a job is called a job evaluation. In order to assess the compensation range, the pay scale for relevant positions, and the benefits that are suitable for a particular employment, internal and external data must be used.

A job evaluation assesses the position without taking the person in that position into account, whereas a performance appraisal evaluates the individual. Examples of typical job evaluations include single-position evaluations for newly formed positions, job reevaluations to increase salaries' competitiveness or equity, and company-wide job evaluations to redesign the entire compensation scheme.

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