Which of the following best describes the classification approach?

The classification approach best describes the grouping of jobs with similar duties and responsibilities. This method organizes positions into predefined categories or classes based on their similarities in terms of tasks, requirements, and responsibilities. Each class represents a level of complexity, skill, and responsibility, enabling organizations to streamline their compensation structures and job descriptions. By classifying jobs, HR professionals can establish a coherent framework for evaluating roles and developing equitable compensation strategies. This method contrasts with ranking, monetary valuation, or market rate evaluations, which do not focus primarily on categorizing jobs by their inherent duties and responsibilities.