4.3.1 Ran king Methodhe simplest me

4.3.1 Ran king Methodhe simplest method of developing a wage structure is to have the job-evaluation committee rank the jobs from highest to lowest in value. Although the committee could perform three or four rankings based on three or four different factors, the jobs usually are ranked only once according to their overall worth. The advantages of the job-ranking method are that it is the simplest of all the evaluation methods and it requires little time or paperwork.The disadvantages of the job-ranking method are:1.The differentials between the ranks are assumed to be equal when they usually are not (e.g. there is usually very little difference in worth between jobs in the middle of the ranking, but big differences generally exist between jobs at the top and bottom ends of the ranking)2. Evaluating each job as a whole is not conducive to a careful analysis and cannot provide an accurate measurement of worth.3.The ranking method is difficult to use in organizations with large numbers of jobs.