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A Comprehensive Guide to the Compa Ratio

Analytics in HR

In its original use, compa ratio (or comp ratio, or compensation ratio) is a simple formula designed to compare an individual’s actual salary to the midpoint of a defined salary range. For example, you could use group compa ratio and other data to compare salaries in job groups to other organizations to evaluate external competitiveness.

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Compensation and Benefits

Analytics in HR

For example, perks like bonuses, stock options, 401k matches, pension plans, paid time off , and even free lunches are all attractive to different people and make up an essential part of the compensation and benefits package. Overall compensation is the top factor that job seekers consider when accepting a new job.

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What is Compensation Management?

HRsoft

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. How to get more out of your compensation management efforts?