Asked by
Janelle Wilson
on Oct 30, 2024Verified
In a company's merit pay program, an individual's compa-ratio represents
A) the individual's pay relative to the individual's performance rating.
B) the individual's pay relative to company's average pay for that position.
C) the individual's worth versus that of others in the organization.
D) the ratio of the individual's pay to benefits.
E) the average worth of the skills possessed by the individual.
Compa-Ratio
A metric that compares an individual's salary to the market average for similar positions.
- Acquire insight into the relationship between performance appraisals and incentive pay.
Verified Answer
EK
Learning Objectives
- Acquire insight into the relationship between performance appraisals and incentive pay.
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