Job ranking method

1. Job Ranking Method

2. Perhaps the simplest method of job evaluation is the ranking method.
 According to this method, jobs are arranged from highest to lowest, in
order of their value or merit to the organization
 Jobs can also be arranged according to the relative difficulty in
performing them.
Jobs are usually ranked in each department and then the department
rankings are combined to develop an organizational ranking
The variation in payment of salaries depends on the variation of the
nature of the job performed by the employees. The ranking method is
simple to understand and practice and it is best suited for a small
organization.
Its simplicity however works to its disadvantage in big organizations
because rankings are difficult to develop in a large, complex organization

5. Introduction
Jobs are compared to each other based on the overall value
Ranked jobs are classified into groups, and jobs under particular groups may
receive the same salary or salary range
Jobs are arranged from higher to lowest
RANK Monthly salary in BDT
Accountant 3000
Accounts clerk 1800
Purchase assistant 1700
Machine operator 1400
Typist 900
Office boy 600

6. Steps in Job Ranking Method
Obtain job information
Select and group jobs
Select compensable factor
Rank jobs
Combine rating
Types of Job Ranking Method
Simple ranking method
Alternate ranking method
Paired comparison

7. Types of Job Ranking Method
Simple ranking method
Alternate ranking method
Paired comparison
It is a simplest method
Easy to understand and adopt
Inexpensive
Require little time

8. Demerits
Not suitable for huge companies
Increase possibility of evaluators bias
It is less accurate
No standards used for comparison