Final answer:
The Point Method is a job evaluation process that assigns numerical values to jobs based on a range of compensable factors, which are then totaled for an overall rating.
Step-by-step explanation:
The job evaluation method that assigns a number to each job, based on compensable factors that are numerically scaled and weighted, is known as the Point Method. In this method, each job is rated using several factors, such as skills, efforts, responsibilities, and working conditions. These factors are then each assigned a numerical value that reflects their relative worth for the job. The total points for a job are calculated by adding up the points for each factor, which results in an overall numerical rating that can be used to compare and compensate jobs appropriately.