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. Over the past few decades, HR and compensation professionals have found many more ways to use it.

Compensation Metrics Cheat Sheet

Analytics in HR

Determining the right compensation metrics to track is a vital step towards fair and equitable compensation. This is why we’ve put together a cheat sheet of 12 key compensation metrics that will help take your compensation strategies to the next level.

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The Compensation and Benefits Manager – A Full Guide

Digital HR Tech

The compensation and benefits manager plays a key role in coordinating the corporate compensation and benefits department. We dive into the core responsibilities of the compensation and benefits manager, take a look at his/her salary, and finish up with an example job description.

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

Analytics in HR

There are several metrics you can use to ensure fair pay. Salary range penetration is a crucial compensation metric to help you understand and manage pay differences at your organization. Why is salary range penetration a useful compensation metric?

What’s Your Most Useful Metric? More Results of Our HR Metrics Survey

HR Daily Advisor

In yesterday’s Advisor , we shared some of the results of our nationwide survey on HR metrics. Today, more of our findings, including measures of turnover, compensation, and training. 604 individuals participated in the HR Daily Advisor ’s HR Metrics Survey, conducted in April 2015. Turnover is clearly a very important metric for the HR professionals we surveyed—78% of participants measure it. Compensation-Related Metrics. Benefits and Metrics.

5 Ways to Promote More Gender Equity in the Workplace

Visier

Google is the latest company to come under fire for allegedly paying female employees less than their male counterparts , but the tech giant has refused to disclose compensation information to Department of Labor (DoL) investigators. Gender equity is an issue of incredible focus and debate for employers and lawmakers, particularly when it comes to compensation. If women have a lower than average compa-ratio, then it is likely that pay decisions are not being made equitably.

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A Horse of a Different Color

Compensation Cafe

What you are experiencing can be unique circumstances, given your organization's demographics, HR metrics, culture, industry, revenue or operating budget size, management biases, the strength of leadership, past experiences, financial soundness, etc. Compensation Philosophy Total Rewards

Lights! Camera! Action!!

Compensation Cafe

I once worked for a CEO who thought that any compensation proposal could be reduced to a single piece of paper, including plenty of white. “If To accomplish this you should create quantifiable metrics that will collectively illustrate the well-being of your compensation program(s) - and then establish baselines (current state) and targets for each performance indicator. Commonly Used HR Metrics : Average salary/wage. Compensation Philosophy Competencies

Let Me Tell You a Story

Compensation Cafe

To accomplish this at work you should create quantifiable metrics that will collectively illustrate the well-being of your compensation program(s) - and then establish baselines (current state) and forward-thinking targets for each performance indicator.

How to Update Aging Salary Data for Your Organization’s Jobs

HR Daily Advisor

You can add columns for compa-ratio and range penetration, if you’d like to track that metric as well. Depending your organization’s compensation philosophy, not to mention your current pay rates, using the 25th or 75th percentile as the midpoint may be a better fit for your organization. Compensation Compensation Administration Compensation Planning BLR data pay rate SPHR

Thinking about Strategy for the New Year

Compensation Cafe

You can look at current employee metrics to further analyze your current state. Examples include survey results, skill sets, LOS in current jobs, compa-ratios and more that will provide insights into how ready employees (and HR) will be to evolve to achieve your goal. Base Salaries Compensation Philosophy Competencies Incentives/Bonuses Total Rewards

The Forgotten Employee

Compensation Cafe

1) Ensure that these positions are regularly surveyed for competitive pay practices, and then 2) Create a metric that segments the actual pay of your customer-facing employees to determine the average compa-ratio and spotlight the presence of low paid workers. Chuck Csizmar CCP is founder and Principal of CMC Compensation Group, providing global compensation consulting services to a wide variety of industries and non-profit organizations.

The 100 HR Indicators Every Manager Needs to Know

EmployeeConnect

This list of HR Key Performance Indicators (KPIs) and metrics contains certainly enough to help you fuel your HR dashboard for the next few months if not longer. Sure, it doesn’t contain every single HR metric you could think of, but it represents some of the most important, and for most of the major HR functions. Without further ado, here is your list of 100 HR metrics and KPIs.

Are Your Compensation Policies Helping or Hurting You?

Visier - Talent Acquisition

Whether or not these compensation policies are helping employee retention, boosting productivity, or otherwise making the best use of your compensation budget is a mystery. . This isn’t because of a lack of desire to make good decisions–it’s because complex compensation data is siloed in a payroll system wholly unsuited for doing analysis and disconnected from other measures of workforce success. . The post Are Your Compensation Policies Helping or Hurting You?

A Horse Of A Different Color

Compensation Cafe

What you are experiencing can be unique circumstances, given your organization's demographics, HR metrics, culture, industry, revenue or operating budget size, management biases, the strength of leadership, past experiences, financial soundness, etc. Chuck Csizmar CCP is founder and Principal of CMC Compensation Group, providing global compensation consulting services to a wide variety of industries and non-profit organizations. Compensation Philosophy

Designing a Successful Total Rewards Strategy for 2021

Semos Cloud

Compensation . Compensation is naturally the integral part of Total Rewards strategy. Many companies structure their compensation according to market trends and their employees’ experience. . Category. All, Best Practices.

Knowledge Is Influence, Not Power

Compensation Cafe

On the other hand, compensation practitioners can use knowledge as a component in their influence skills development, in developing their persuasiveness toward advancing their own agenda. Compa-ratio : The relationship of an employee’s annual base pay to their pay range midpoint.

The New Workforce Gender Equity Factors HR Needs to Watch

Visier

Gender equity is an issue of incredible focus and debate for employers and lawmakers, particularly when it comes to compensation. Establishing an equitable pay policy is an important step forward, but the gender pay gap is more than a compensation issue. If we don’t find a way to make 50% of the workforce equally compensated and equally valued, it’s going to be difficult for us to progress at the rate we need to.”.

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Cafe Classic: How to Be Both Transparent and Secretive at the Same Time

Compensation Cafe

You can distribute well-crafted, multi-colored and detailed total compensation statements that include such helpful information as an employee's pay grade, salary range and current compa-ratio. Even in the most open and transparent environments, there are things (particularly in the realm of compensation) that should be kept private. Editor's Note: In the Classic post, we toast (roast?)

HR TechStack – Onboarding Software

WhoKnows

With UltiPro, HR can rapidly process payroll; leverage flexible time solutions; offer a modern approach to learning; facilitate productive performance, succession, and compensation management; and measure employee sentiment using advanced survey technology. Compas ATS. Unlike old recruiting platforms COMPAS has transformed the conventional Applicant Tracking & Customer Relationship software to automate tasks and provide talent recommendations.

HR TechStack – Onboarding Softwares

WhoKnows

With UltiPro, HR can rapidly process payroll; leverage flexible time solutions; offer a modern approach to learning; facilitate productive performance, succession, and compensation management; and measure employee sentiment using advanced survey technology. Compas ATS. Unlike old recruiting platforms COMPAS has transformed the conventional Applicant Tracking & Customer Relationship software to automate tasks and provide talent recommendations.