Examlex
The purpose of a fulcrum is to provide:
Compa-ratio
A comparison ratio that measures an employee's salary relative to the median or midpoint of the market rate for their job.
Pay Range
The spectrum of compensation offered for different positions within a company, indicating the minimum and maximum pay for each role.
Market-pay Surveys
Studies or analyses performed to gather data on prevailing wage rates for different jobs in the market.
Pay Differential
The variation in pay rates not explained by merit or performance, often resulting from factors like location, working hours, or job hazards.
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