Pitfalls of Job Evaluation Methods

Your text mentions three methods of evaluating jobs:Ranking.Classification.Point method.Prepare a short description of each method, considering:What are the essential weaknesses in each of these evaluation methods?Describe a situation in which it would not be effective for thebusiness. For example, when would ranking be either impractical orunfair? When would the point method be too complicated to be effectivein evaluating work for creating a salary structure?Submit your discussion of the job evaluation methods for this assignment.Text:Milkovich, G. T., Newman, J. M., & Gerhart, B. (2013). Compensation (11th ed.). New York, NY: McGraw-Hill/Irwin.