JOB EVALUATION AS A STRATEGIC TOOL FOR TALENT ACQUISITION AND RETENTION

Abstract

Job evaluation is a systematic process used by organizations to determine the relative value or worth of different jobs within an organization. It plays a crucial role in establishing a fair and equitable pay structure by analyzing job roles, responsibilities, skills required, working conditions, and the level of accountability associated with each position. The primary objective of job evaluation is to ensure internal equity among employees and to support effective compensation management practices. This study focuses on understanding the importance of job evaluation in human resource management and its impact on organizational efficiency. Various job evaluation methods such as ranking method, job classification, point factor method, and factor comparison method are examined to identify their effectiveness in determining appropriate wage structures. Proper job evaluation helps organizations reduce wage disparities, improve employee satisfaction, and enhance motivation by ensuring that employees are rewarded according to the value of their work. The research also highlights how job evaluation contributes to better workforce planning, transparency in compensation decisions, and improved organizational productivity. By implementing structured job evaluation systems, organizations can maintain fairness, promote employee trust, and align compensation strategies with organizational goals. Thus, job evaluation becomes an essential tool for effective human resource management and sustainable organizational development.