The system of ranking jobs in a firm on the basis of the relevant characteristics, duties, and responsibilities is known as

The system of ranking jobs in a firm on the basis of the relevant characteristics, duties, and responsibilities is known as Job evaluation. A job evaluation is a systematic way of determining thevalue/worth of a job in relation to other jobs in an organization. It tries to make a systematic comparison between jobs to assesstheir relative worth for the purpose of establishing a rational pay structure.