Compa-ratio
A) is defined as the ratio of average pay to the midpoint of the pay range.
B) is defined as the ratio of the average pay for the grade divided by the minimum pay for the grade.
C) can range from 0 to 100 percent.
D) uses data from market-pay surveys.
E) measures the degree to which new skills learned are consistent with the increases in pay.

Question

Quizplus · Accepted Answer

Compa-ratio is defined as the ratio of average pay to the midpoint of the pay range. It can range from 0 to 100 percent and is a way to evaluate how much an employee is being paid compared to the midpoint of the pay range for their position. It does not necessarily involve market-pay surveys or the consistency of new skills learned with pay increases.

Compa-Ratio