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PayScale Tools for Today's Comp Pro! Compensation Glossary: Part 2 of 4

Compensation Today

Jenni Marquez, CCP, PayScale Compensation Professional PayScale’s Comp Glossary returns! Consider the comp pros at PayScale to be an extension of your team! 6) MARKET-RATIO Definition: The comparison of internal pay to the market pay rate for a job. Calculated as Pay Rate ÷ Target Market Percentile.

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7 Compensation Issues and How to Fix Them

Analytics in HR

Hence, your Human Resources and/or Compensation & Benefits department must ensure the compensation you offer to your employees is appealing enough to keep your team happy. However, usually, these conclusions tend to be made based on a comparison with peers working in the same job and industry. Let’s dive in!