Why Are Your Compensation Rates Important?
Salaries should compensate for skills and level of effort and that compensation needs to make sense with the job market outside your company. HR Metrics can help in that process.
An HR Metric for Compensation: Salary Range Penetration
Some metrics are easier to calculate than others. Unfortunately, this one won’t be just tallying up some headcounts. Salary range
An HR Metric: Compa-Ratio
Compensation is important to business operations. Compa-ratio is an excellent HR metric for making sure your comp strategies and plans are working.