Done by:

Saish Prabhu

Prajot Morajkar

Sujit Prabhudesai

Sweta Kolvekar

IntroductionJobs 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 lowestExample:

RankAccountant

Accounts clerkPurchase assistantMachine operator

TypistOffice boy

Monthly salary in Rs.3000180017001400900600

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

Merits

It is a simplest method

Easy to understand and adopt

Inexpensive

Require little time

Demerits

Not suitable for huge companies

Increase possibility of evaluators bias

It is less accurate

No standards used for comparison