Comparison Ratio
Discover what a compa-ratio (comparison ratio) is, how it measures current salaries against market rates, and if your pay structures are fair - Jisr Glossary.
What is the Comparison Ratio?
The comparison ratio is a metric that expresses current wage rates as a percentage of median wages in the labor market. The ratio of an employee’s actual salary to that median indicates whether the employee is being paid below, at, or above market rates.
Related Terms
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Learn about Incentive System concept, its material and moral types, and how to design it to enhance employee performance and achieve organizational goals.
Fringe Benefits
Discover fringe benefits and extra perks offered to employees alongside basic salaries to boost job satisfaction, loyalty, and output - Jisr Glossary.
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