Job ranking is a method of ranking job positions compared to others within an organization. The job ranking system depends on evaluating the job position based on the ability of skills. Job ranking can help you determine which jobs are most critical to your organization’s success. It’s clear to understand how much time you should devote to each job and what skills are necessary for success in each role.
Job ranking is often decided based on the importance of a role. There are other factors which also determine the job ranking like the – decision making power, skillset, experience, impact on organization, and more. Each factor is determined before assigning a job its rank within an organization.
While job ranking create a hierarchy within the organization and benefits companies, it also benefits the employee:
Job ranking in HRM means ranking employees based on their job roles, skillset and decision-making capability. It creates an organizational hierarchy promoting structure within the organization.
While job ranking refers to the system within an organization, job level are the titles and salaries allotted to job roles in an organization. For example, an entry level job and a managerial level job will pay different.
A job classification means to evaluate the job role by studying the job responsibilities, skills and work required for the position. Job classification is done to determine whether the job role matches the standards of the market.
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