A method of evaluating jobs for the purpose of setting just compensation. Jobs are ranked in relation to their relative value to the company.
RANKING METHOD: "The ranking method justified paying Paul 45 dollars an hour and Cynthia only 10."
Cite this page: N., Sam M.S., "RANKING METHOD," in PsychologyDictionary.org, April 28, 2013, https://psychologydictionary.org/ranking-method/ (accessed March 21, 2023).