Final answer:
In job evaluation, the point factor method uses a weighting scheme to determine the relative worth of a job based on various compensable factors.
Step-by-step explanation:
The job evaluation system that relies on a weighting scheme to account for the relative importance of the different compensable factors that make up a job is called the point factor method. This method assigns point values to each factor, such as effort, skill level, working conditions, and responsibility, to determine the relative worth of a job. The total points accrued by a job help determine the job's position within the organization's pay structure. This allocates compensation more fairly and maintains a consistent approach to paying employees. It's important to consider the impact of job evaluator biases and to ensure the factors and weights truly reflect the job's requirements and the organization's