This spreadsheet shows each employee's computed compa ratio and... | Filo
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This spreadsheet shows each employee's computed compa ratio and... | Filo
Solution For This spreadsheet shows each employee's computed compa ratio and a chart reflecting the salary and performance rating for the assigned emp
52K viewsJan 15, 2025
Compa-ratio Calculation
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Compa-Ratio: The Key to Fair and Competitive Pay Are you paying your talent what they're truly worth? Compa-ratio is your answer! This simple yet powerful metric shows how your employees' actual salaries compare to market midpoints. To calculate it: Compa-Ratio = Current Salary ÷ Salary Range Midpoint A ratio of 1.0 means you're right at market. Below 0.8? You're at risk of losing talent. Above 1.2? You might be overpaying. Why it matters: • Identifies pay inequities before they become problems
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