Job ranking refers to a system that ranks all occupations inside a firm and assigns them to a defined scale based on the overall tasks, responsibilities, pay level, and obligations of each job. Each work is frequently awarded grades or job categorization levels so that it may be properly managed and categorized inside the firm.
Although various firms have distinct job ranking schemes, the ultimate purpose is to appropriately establish job responsibilities. This also allows businesses to compare similar jobs at other firms in their industry. As a result, a job categorization system looks at the skills and abilities rather than the skill level and ability of someone already in that position.