The compa-ratio:
A) measures the degree to which actual pay is consistent with the pay policy.
B) is defined as 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 learnt are consistent with the increases in pay.

Question

Quizplus · Accepted Answer

The compa-ratio measures how closely an employee's pay aligns with the midpoint of the pay range for their job, indicating consistency with the pay policy.

The Compa-Ratio