Definition: Compensable Factors

Term: Compensable Factors

Definition:Any factor used to provide a basis for judging job value in a job evaluation scheme. Typically, compensable factors include effort, skill needed in order to perform a job, and responsibility. These factors are used to establish job worth when creating a job hierarchy in order to set a wage structure.

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Course	Page Number
34 - Using Job Evaluation in Your Organization	7

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Compensable Factors