HRCI PHR Exam - Topic 9 Question 62 Discussion

Job evaluation is the process of systematically determining a relative internal value of a job in an organization. In all cases, the idea is to evaluate the job, not the person doing it. Job evaluation is the process of determining the worth of one job in relation to that of the other jobs in a company so that a fair and equitable wage and salary system can be established. Answer option B is incorrect. Broadbanding is a technique used to categorize different pay structures of employees of an organization. Answer option D is incorrect. Gainsharing is a system of management used by a business to get higher levels of performance through the involvement and participation of its people. As performance improves, employees share financially in the gain (improvement). Gainsharing is

about people working smarter together and not just working harder. Answer option C is incorrect. SWOT Analysis is a strategic planning method used to evaluate the Strengths, Weaknesses, Opportunities, and

Threats involved in a project or in a business venture. It involves specifying the objective of the business venture or project and identifying the internal and external factors that are favorable and unfavorable to achieving that objective. A SWOT analysis may be incorporated into the strategic planning model.