Job evaluation meaning is the process of determining how much remuneration to give to a job. This process entails analyzing internal and external data to establish the compensation range for a certain position, as well as what similar occupations should pay and what perks are acceptable for a given job.
Single-position assessments for newly established positions, revaluations of occupations to make pay more competitive or equal, and company-wide job evaluations to reorganize the whole compensation program are all examples of common job evaluations.
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