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

September 8th 2024

open hospital

open hospital

a psychiatric hospital without locked doors or physical restraints. Also called open-door hospital.