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Compa ratio Compa ratio , also known as a comparative ratio, is a metric that compares an individual’s or group’s salary to the midpoint of a defined salary range. HR term example: “The HR department analyzed the compa ratio to assess the fairness of our salary distributions.” ” 10. ” 15. ” 17.
Recruitment #5. Performance #8. Retention rate: measures the percentage of employees that is still employed at the end of a given period. 4 – Recruitment Indicators Average cost per hire: measures the average amount spent to recruit a new employee. Demographic #2. Organisational Structure #3.
As an HR leader for your organization, you know that employee compensation is not just something you determine when you hire a new team member and then forget about. In fact, how you compensate a team member should reflect their performance and will often change throughout their journey with your organization. What is Compa-ratio?
How to get more out of your compensation management efforts? Learn what compensation management is and why it is important to increase employee retention , motivation, and productivity. It is a critical element in talent management, as it affects recruiting, retention, and operating budgets.
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