FACTOR-COMPARISON METHOD

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is one of the many methods used to evaluate jobs which is then used to set an appropriate wage or salary level for potential employees. Example factors include; mental requirements to physical requirements such as strength.

FACTOR-COMPARISON METHOD: "Most employers when starting up their own company will undergo a series of factor comparison methods to determine the most appropriate wage for various levels of staff."
Cite this page: N., Sam M.S., "FACTOR-COMPARISON METHOD," in PsychologyDictionary.org, May 11, 2013, https://psychologydictionary.org/factor-comparison-method/ (accessed July 3, 2022).

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