Which compa-ratio suggests that,on average,employees are being paid above the mid-point of the range?
A) 0.01
B) 0.92
C) 1.00
D) 1.03

Question

Quizplus · Accepted Answer

A compa-ratio (comparison ratio) is calculated by dividing an employee's salary by the midpoint of the salary range for their position. A compa-ratio of 1.00 means the employee is being paid exactly at the midpoint. A compa-ratio above 1.00, such as 1.03, indicates that, on average, employees are being paid above the midpoint of the salary range.

Which Compa-Ratio Suggests That,on Average,employees Are Being Paid Above the Mid-Point