Compensation determination is an essential aspect of any organization’s human resource management strategy. It involves assessing and deciding on the appropriate compensation packages for employees based on their job roles and responsibilities, skills, experience, and performance. However, the process of compensation determination is not always straightforward and can involve several factors that need to be considered to arrive at a fair and equitable compensation package. Factors to Consider in Compensation Determination Job Evaluation Job evaluation is the process of analyzing and assessing the value of a job position within an organization. It involves identifying the job’s key responsibilities, skills, and requirements and comparing them to similar job positions in the…