Which of the following statements refers to compa-ratio?
A) calculated by averaging the pay ranges in the quartiles
B) a measure of pay dispersion across employers
C) derived by dividing mean base pay by the midpoint of the pay range
D) a calculation based on average base pay for each job

Question

Quizplus · Accepted Answer

Compa-ratio is a calculation that shows the relationship between an employee's actual salary and the midpoint of the salary range for their role. It is calculated by dividing the employee's actual base pay by the midpoint of the pay range for their role.

Which of the Following Statements Refers to Compa-Ratio