Final answer:
The point-system job evaluation involves SMEs using job analysis to identify job-related compensable factors, which are then used to assign point values to determine a job's worth within an organization.The correct option is A.
Step-by-step explanation:
One of the steps in conducting a point-system job evaluation is A) SMEs use a job analysis to identify compensable factors. The point system is a quantitative method of job evaluation that involves assigning point values to jobs based on certain compensable factors which include the skills, effort, responsibility, and working conditions required by the job. This approach allows for a systematic comparison between jobs to determine their relative worth within an organization. Key aspects to this process involve thorough observation, surveys, and interviews to gather comprehensive job-related data. These practices ensure a fair and objective method for setting salaries based on the actual job requirements, rather than subjective measures or performance appraisals.