SalaryCompRatio
SALARY COMPA.RATIO
Definition
.
Salary Range Midpoints and Market Reference Points (MRPs) represent the market average pay for positions. An employee's salary compa-ratio indicates how his/her salary compares to the market. Salary compa-ratios should reflect employee work experience, skills and performance.
o
Compa-ratios are used to measure an employee's pay relative to the market average pay for his/her position and to facilitate salary equity analyses among groups of employees.
How to Calculate a Salary Compa-Ratio
.
Take an employee's Annual FTE Salary and divide it by the Salary
Range Midpoint associated with the grade level of the employee's position, or the MRP if the position has one. Then multiply the result by 100. This produces a salary compa-ratio, or the employee's salary as a percentage of the midpoint/MRP.
.
Example - Annual FTE Salary of $47,000 divided by a Salary
Range Midpoint of $54,900, multiplied by 100 results in a comparatio of 860/o. This means that the employee's salary is B6% of the current Salary Range Midpoint, or average market pay.
.
For our office / clerical/technical and professional/administrative positions, the salary range
Definition
.
Salary Range Midpoints and Market Reference Points (MRPs) represent the market average pay for positions. An employee's salary compa-ratio indicates how his/her salary compares to the market. Salary compa-ratios should reflect employee work experience, skills and performance.
o
Compa-ratios are used to measure an employee's pay relative to the market average pay for his/her position and to facilitate salary equity analyses among groups of employees.
How to Calculate a Salary Compa-Ratio
.
Take an employee's Annual FTE Salary and divide it by the Salary
Range Midpoint associated with the grade level of the employee's position, or the MRP if the position has one. Then multiply the result by 100. This produces a salary compa-ratio, or the employee's salary as a percentage of the midpoint/MRP.
.
Example - Annual FTE Salary of $47,000 divided by a Salary
Range Midpoint of $54,900, multiplied by 100 results in a comparatio of 860/o. This means that the employee's salary is B6% of the current Salary Range Midpoint, or average market pay.
.
For our office / clerical/technical and professional/administrative positions, the salary range