Question

The compa-ratio: select one:

a. measures the degree to which actual pay is consistent with the pay policy.

b. is defined as average pay for the grade divided by the minimum pay for the grade.

c. can range from 0 to 100 percent.

d. uses data from market-pay surveys.

e. measures the degree to which new skills learnt are consistent with the increases in pay.

Answer 1

Step-by-step explanation:

Compa-ratio measures the degree to which actual pay is consistent with the pay policy. Compa-ratio is calculated as the employee’s current salary divided by the current market rate as defined by the company’s competitive pay policy