Compa-Ratio = _____

question 72

Multiple Choice

Compa-ratio = _____.

• A) total pay divided by the total number of employees
• B) pay level divided by the midpoint of the pay range
• C) total pay divided by the midpoint of the pay range
• D) pay level divided by the total number of employees

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Definitions:

Staff Planners

Professionals or tools focused on optimizing workforce distribution to ensure that the right number of employees with the right skills are in the right place at the right time.

Major Components

The primary or most important parts that make up a system, structure, or entity.

Benchmarking

The practice of comparing business processes and performance metrics to industry bests and best practices from other companies.

External Comparisons

External Comparisons involve evaluating an organization's performance, practices, or conditions against those of other organizations, often within the same industry, to gauge relative performance, identify best practices, and highlight areas for improvement.