Interpreting compa-ratios

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Reference no: EM131718684

Interpreting compa-ratios:

A comp-ratio of 1 means that the employee’s pay rate equals the pay range midpoint.

A compa-ratio of less than 1.00 means that the employee’s pay rate falls below the competitive range for the job. In other words, the employee is paid less than the competitive pay rate for the job.

A compa-ratio of greater than 1.00 means that the employee’s pay rate exceeds the competitive pay rate for the job.

Reference no: EM131718684

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