A human resources (HR) team is benchmarking a new role and decides to use internal equity as a tool due to the lack of market data. Which evaluation method is the HR team using?(1 Point)Quantitative analysisComparable worthFunctional slottingPosition specification
Question
A human resources (HR) team is benchmarking a new role and decides to use internal equity as a tool due to the lack of market data. Which evaluation method is the HR team using?(1 Point)Quantitative analysisComparable worthFunctional slottingPosition specification
Solution
The HR team is using the Comparable worth evaluation method. This method is used when there is a lack of market data. It involves comparing the job's duties and responsibilities with other jobs within the same organization to determine a fair and equitable compensation.
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