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Article

An Innovative Job Evaluation Approach Using the VIKOR Algorithm

Department of Industrial Engineering, Faculty of Engineering, King Abdulaziz University, Jeddah 21589, Saudi Arabia
Academic Editors: Paweł Ziemba and Michael McAleer
J. Risk Financial Manag. 2021, 14(6), 271; https://doi.org/10.3390/jrfm14060271
Received: 26 April 2021 / Revised: 28 May 2021 / Accepted: 11 June 2021 / Published: 16 June 2021
(This article belongs to the Special Issue Decision-Making and Uncertainty in Management)
Fairness is a key issue that requires the attention of human resource management practitioners. Having a robust methodical procedure for identifying the value of job positions in an enterprise is essential. Consequently, there is a need for a job evaluation system that ensures fair compensation for each position. A poorly defined job evaluation system creates the dilemma of mismatches between employees and their competencies for their responsibilities and, accordingly, their wages. This results in employee dissatisfaction, which ultimately exacerbates attrition, which is costly because of the loss of talented employees. This paper proposes a VIKOR algorithm as an innovative approach to job evaluations. Engineering-related positions in an international aviation company were analyzed to illustrate the appropriateness of the proposed approach for managing the job evaluation dilemma. The results indicate that 29 job grades would be appropriate for this firm. In addition, the proposed algorithm was found to be superior to other multiple-criteria decision-making techniques at managing the job evaluation dilemma. View Full-Text
Keywords: job evaluation; VIKOR; human resources management; multiple-criteria decision making job evaluation; VIKOR; human resources management; multiple-criteria decision making
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MDPI and ACS Style

Alidrisi, H. An Innovative Job Evaluation Approach Using the VIKOR Algorithm. J. Risk Financial Manag. 2021, 14, 271. https://doi.org/10.3390/jrfm14060271

AMA Style

Alidrisi H. An Innovative Job Evaluation Approach Using the VIKOR Algorithm. Journal of Risk and Financial Management. 2021; 14(6):271. https://doi.org/10.3390/jrfm14060271

Chicago/Turabian Style

Alidrisi, Hisham. 2021. "An Innovative Job Evaluation Approach Using the VIKOR Algorithm" Journal of Risk and Financial Management 14, no. 6: 271. https://doi.org/10.3390/jrfm14060271

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