factor-comparison method

a method of evaluating jobs for the purpose of setting wage or salary levels in which positions are compared to certain benchmark jobs in terms of compensable job factors. The factors usually include mental requirements, skill requirements, physical requirements, responsibility, and working conditions. Compare classification method; Hay method; job-component method; point method; ranking method. See job evaluation.

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Psychology term of the day

January 24th 2025

perceptive

perceptive

adj. describing an individual who is sensitive and discriminating, especially in the judgment of people, works of art, and so forth. —perceptiveness or perceptivity n.