FACTOR COMPARISON
Factor Comparison
A systematic way of doing job evaluations is factor comparison. Factors such as skills, physical efforts, mental efforts, responsibilities, and working conditions are all included in the evaluations. This method was founded by Thomas E. Hitten and is widely used to determine the worth of jobs. Instead of ranking the role as a whole, factor comparison breaks it down into different factors.
Benefits of Factor Comparison
- It is applicable to a wide range of jobs and positions.
- The technique is flexible as there is no upper limit for rating a factor.
- It is easy to understand by employees and managers.
Disadvantages of Factor Comparison
- Subjective: The rating of the factors is subjective and can be biased.
- Time-consuming: The rating of factors can be complex and consuming.
- Requires expertise: The evaluators need to have more knowledge about the factors in order to rate them.