Grenstall Inc., a software development firm, has adopted a new job evaluation system in which managers are asked to objectively quantify the value of eight to ten compensable factors of each job in the organization. These compensable factors are based on their importance to that particular job and may include skill, physical effort, mental effort, and so forth. In this system, jobs are compared against a standard of key ratings. Which of the following job evaluation systems is Grenstall Inc. most likely using in the given scenario

Grenstall is most likely using the point system

Explanation:

The point system is a method of job evaluation system that involves measuring performance of workers in an organization and allocating points to identifiable factors such as skills, efforts, training, knowledge and experience based on its performance. It does not focus on entire job functions. The allocated points enables the organization to determine the compensation that is commensurate for a particular position.

Greenstall Inc uses the point system technique of job evaluation system for its managers as their jobs were broken down based on their skills, mental and physical efforts, training, and responsibility with points being allocated to each of these factors which are then summed up.