The correct answer is: Job evaluation.
Job evaluation is a systematic and orderly process of measuring the worth of a job in relation to other jobs. It is used to determine the pay rate for a job and to compare the pay rates of different jobs.
Job evaluation is typically conducted by a team of experts who use a variety of factors to assess the value of a job. These factors may include the job’s duties and responsibilities, the level of skill and experience required, the working conditions, and the level of responsibility.
The results of job evaluation are used to set pay rates for jobs and to create pay structures.
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