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. Don’t base decisions on compa-ratio alone. What is compa ratio? Individual compa ratio.

HR Cloud Integrates with Applicant Tracking Software Maker COMPAS

HR Cloud

HR Cloud is proud to announce its newest integration with COMPAS recruiting software. By combining HR Cloud with COMPAS technology we have ensured that companies using COMPAS to recruit will have their candidates efficiently onboarded into their organizations. Integrations Press compas

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Why Amazon's AI-driven high volume hiring project failed

Hubert

Envision the dream of a well functioning recruiting AI. One that supports recruiters in every possible monotone task you might have while making hiring a pure bliss. You’d be able to operate quicker than ever and hire all the right people on a whim.

Why Amazon's AI-driven high volume hiring project failed

Hubert

Envision the dream of a well functioning recruiting AI. One that supports you, a recruiter, with every possible monotone task you might have, all while making hiring a pure bliss. You’d be able to operate quicker than ever and hire all the right people on a whim.

How Facebook Is Recruiting Exceptional Talent Today

TalentCulture

Let’s examine Facebook’s magnetic appeal and see how we can all learn from it to recruit exceptional talent. Facebook Recruitment Relies on Fit, Unique Tactics, and the Ability to Change. We want to make sure that we approach recruiting in the same way that we approach the design of the product and the services that we deliver to the world,” said Miranda Kalinow-ski, Facebook’s head of global recruiting, in an interview with in an interview with Business Insider.

Cafe Classic: Solving the Dilemma of Pay Progression Over Time

Compensation Cafe

Conventional practice is to hire most new people into their jobs at salary levels below their market midpoint or Market Reference Point (MRP) and to move grade structures maybe half as much as the anticipated general market movement each year. Base Salaries compa-ratio pay competitiveness pay progression

HR TechStack – Video Interviewing Tools

WhoKnows

Video interview software, sometimes called video recruiting tools, allow recruiting managers and HR users to conduct video interviews with job candidates. Wepow connects recruiters, job candidates and employers through easy-to-use mobile and video interviewing solutions. As a result, organizations regain time, reduce costs and recruit effectively. It’s a single solution to engage, interview and hire better candidates, faster. COMPAS Recruiting.

I’ve Had Six Great Bosses in Four Years – Here’s What I’ve Learned From Each One (Part 1)

Something Different

My first HR role out of school was as a Recruiter. Furthermore, post re-org the Recruiter role had also evolved from a “source, screen and close” role to a full-cycle role that called on the recruiter to manage every stage of the hiring process from sourcing to interviewing to offer+negotiation, to background checks, drug screens/physicals, pre-employment admin (including I-9, direct deposit setup etc.)

COMPAS 136

HR TechStack – Applicant Tracking Systems

WhoKnows

An applicant tracking system (ATS) manages the recruiting process by collecting and organizing applicant information. These systems are used in the recruiting and hiring of new talent. By using an ATS, recruiters reduce the time spent reading resumes and screening potential applicants. They are often implemented by HR departments in order to boost efficiency during the hiring process and simplify the qualification of candidates. Zoho Recruit.

What Is Salary Range Penetration? Definition, Use, and Examples

Analytics in HR

Let’s have a closer look at this metric and find out how HR can enable managers to use salary range penetration in their hiring, salary raise, and promotion decisions. It gives you very similar information to the compa ratio metric.

11 more startups compete in Pitchfest round 2

HRExecutive

an executive coaching, outplacement and leadership training firm, and Compa, a talent acquisition compensation analytics tool, advanced from that round.

HR TechStack – Onboarding Software

WhoKnows

New employee onboarding is the process of getting new hires adjusted to the social and performance aspects of their new jobs quickly and smoothly. It is the process through which new hires learn the attitudes, knowledge, skills, and behaviors required to function effectively within an organization. Yet, it is also estimated that 50% of all senior outside hires fail within 18 months on the job. Offer task tracking for new-hire activities such as training or new-hire events.

Making Your First Hires: 7 Steps Every Startup Should Follow

Linkedin Talent Blog

And one of the biggest challenges any start up company faces right from the “giddy up” is hiring. Typically a company at its earliest stages doesn’t have lots of financing and probably very little revenue coming in, so making the key hires at the outset can be incredibly impactful to the growth, direction and culture of what the company will eventually become– and ultimately its success or failure. Think about hiring holistically.

Best Applicant Tracking Systems in 2018

NextWave Hire

Workday Recruiting. Workday Recruit. Zoho Recruit. Cornerstone Recruiting. Different companies have different hiring processes and needs. For instance, SilkRoad Activate does indeed provide applicant tracking; however, their focus and selling point is on-boarding after a hire to improve employee experience. Meanwhile companies like TenStreet is tailored for hiring drivers. Some newer providers (namely Google Hire) aren’t yet in this data set.

Pitchfest showcases innovation in return at HR Tech

HRExecutive

an executive coaching, outplacement and leadership training firm; and Compa, a talent acquisition compensation analytics tool.

A Guide to Compensation Analysis

Analytics in HR

If you need a snapshot to understand the cost per employee, you may conduct a “Headcount analysis” to provide an accurate picture of staffing levels and compensation per employee. If organizations want to hire and retain great employees, they need to provide adequate compensation.

Employee Compensation: Everything you Need to Know

Astron Solutions

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, the performance rating taken in tandem with an employee’s compa-ratio reveals a fuller picture.

HR TechStack – Onboarding Softwares

WhoKnows

New employee onboarding is the process of getting new hires adjusted to the social and performance aspects of their new jobs quickly and smoothly. It is the process through which new hires learn the attitudes, knowledge, skills, and behaviors required to function effectively within an organization. Yet, it is also estimated that 50% of all senior outside hires fail within 18 months on the job. Offer task tracking for new-hire activities such as training or new-hire events.

Which Applicant Tracking System (ATS) Should We Use?

The Tim Sackett Project

I’ll say WorkDay gets in under ‘fastest’ growing, but only because they convert their HRIS clients over to the recruiting product. – The top ATS market for staffing agencies is: Bullhorn, PC Recruiter, BrightMove, CATS ATS, Crelate, and Compas. The problem here is most are built for direct-hire staffing and not contingent staffing which is growing fast and will continue.

The Top 100 Applicant Tracking Systems in 2018

Ongig

” So, every year the Ongig team and I find the top ATS’s used by employers actively hiring…and we publish the details. Instead, we focus on the employers doing the most hiring as measured by number of open job descriptions. Google Hire. Compas. ATS Market Share by Hiring Volume. If you want to get more granular, we break down the top applicant tracking systems by hiring volume.

5 Compensation Analytics to Track That Answer Your Big Comp Questions

Compensation Today

Compa-Ratio. Usage: Compa-ratios help answer the question “Are we paying according to our plan?”. As with the average market-ratio for the job, to get the average compa-ratio for the group of employees in the job, first calculate each employee’s compa-ratio, then average the compa-ratios. Assess: Similar to market-ratio, a compa-ratio of 1.0

2021 HR Technology Conference Pitchfest Participants Announced! #hrtechconf (HR Tech You Want To Know About!)

The Tim Sackett Project

I’m out in Vegas this year (for the third time in like 6 weeks!) and I’m both a judge and Emcee of The HR Technology Conference’s 3rd Annual Pitchfest!

4 steps to Building a Business Case for D&I

Visier - Talent Acquisition

High-performing employees might decide to leave the organization out of frustration with the lack of inclusion, and recruiting new employees will be more difficult. Improving results, hiring faster, and saving money?

What We Wish Everyone Knew About Compensation Management!

Keka HR Blog

An employee value proposition is a collection of principles for the company that helps you to recruit, retain and engage employees. Compa Ratio. The compa ratio is a percentage that can be calculated by dividing the real salary of the employee by the mid-point salary for that position.

What We Wish Everyone Knew About Compensation Management!

Keka HR Blog

Employee value proposition is a collection of principles for the company that helps you to recruit, retain and engage employees. Compa Ratio. The compa ratio is a percentage that can be calculated by dividing the real salary of the employee by the mid-point salary for that position.

Ask Visier: How Do You Determine if Your Organization Pays Equitably?

Visier - Talent Acquisition

Then, you can look closer at the people in your workforce and use a compa-ratio calculation to indicate how close a person’s base pay is to the pay level midpoint for their role.

The 100 HR Indicators Every Manager Needs to Know

EmployeeConnect

Recruitment #5. 4 – Recruitment Indicators Average cost per hire: measures the average amount spent to recruit a new employee. Average number of days to hire: the average amount of time required (number of calendar days) to fill an open vacancy. Recruitment Quality Index: this indicator measures the efficiency of the recruitment function in addition to measuring the quality of the new recruits themselves.

LaRocque: Why HR needs a strategy for evaluating tech startups, scaleups

HRExecutive

As most employers are struggling to hire and reports also show that up to 40% of workers are planning to change jobs , there’s little room for error in selecting new HR technology. There has been a remarkable surge in both global spending and funding for HR technology in 2021.

The Compensation and Benefits Manager – A Full Guide

Digital HR Tech

The compensation and benefits manager works with hiring managers, recruiters, and other Human Resources personnel to ensure that job offers are both based on market rate and have internal equity (an explanation is provided below).

5 Ways to Promote More Gender Equity in the Workplace

Visier

Start with simple metrics like “female ratio” (looking at the percent of total headcount that are female) by department, role, and/or location, and in your hiring pipelines. Compa-ratio is a classic compensation calculation that indicates how close a person’s base pay is the pay level midpoint for the role they perform. If women have a lower than average compa-ratio, then it is likely that pay decisions are not being made equitably.

How to Dig Into Compensation Analytics to Answer Specific Questions

Compensation Today

The numbers explain your challenges to recruit and maintain natural attrition in each place respectively. Compa-Ratio by Function. Compa-ratio can also be used for groups of employees. You research the claim by determining the compa-ratio for the group of department coordinators and the faculty group. You determine that department coordinators have an average compa-ratio of 1.03, while the faculty group has an average compa-ratio of 0.98.

5 Ways to Promote More Gender Equity in the Workplace

Visier

Start with simple metrics like “female ratio” (looking at the percent of total headcount that are female) by department, role, and/or location, and in your hiring pipelines. Compa-ratio is a classic compensation calculation that indicates how close a person’s base pay is the pay level midpoint for the role they perform. If women have a lower than average compa-ratio, then it is likely that pay decisions are not being made equitably.

What is People Analytics and How Do I Get Started?

Visier - Talent Acquisition

It reduced its workforce planning cycle by 25%, improved the accuracy of its hiring plan from 78% to 95%, and increased the accuracy of its headcount plan from 60% to 95%. Link recruiting to business outcomes.

Learn a new word: Positive Predictive Value

Steve Boese

These kinds of use cases and others and the technologies that enable them present HR and business leaders with new and really powerful tools and capabilities that can, if applied intelligently, provide a competitive edge realized from the better matching, hiring, and deploying of talent. If COMPAS 'misses', and it sometimes does, then it can lead judges to give longer sentences to the wrong offenders, and shorter sentences to offenders who end up repeating their bad behaviors.

Merit Pay's Fatal Flaw

Compensation Cafe

Let’s look at an example: say you’re hired at the bottom of the salary range, at $80. Your compa-ratio is 80%. After three years your pay is now $90, and your new compa-ratio is 83.6%. compa-ratio will likely have you starting the new job similarly low in your new salary range.

How to structure employee compensation

Workable

For example, paying higher salaries than the market can result in hiring the best candidates and retaining your best employees. Recruiter with salary of $50,000. Grade 2 includes HR Generalist and Recruiter and midpoint is $45,000 (average salary of these two positions.). Also, after you readjust your salary ranges, use your pay grades’ midpoints to calculate compa-ratios for your employees.

How HR Software Can Boost Your Compensation Strategy

Paycor

Review compa-ratios for each employees. Paycor Compensation Planning gives HR leaders the tools they need to create a strong compensation strategy that reduces turnover and aids recruitment.