Compensable factors

It refer to a job's characteristics or attributes that determine its relative value within an organization's compensation structure. These factors can include the level of responsibility, required skills and knowledge, physical and mental effort, working conditions, and other relevant factors contributing to the job's overall worth. By evaluating these factors, organizations can establish a fair and equitable pay structure that reflects the value of each job within the organization.

For More Info:

Compensable factors: Everything you need to know


Sign up now to get updated on latest posts and relevant career opportunities