The formula to calculate the Compa Ratio (CMPR) is:
\[ CMPR = \left( \frac{CS}{MA} \right) \times 100 \]
Where:
The Compa Ratio is a measure used to compare an employee's current salary to the average market rate for their position. It is calculated by dividing the current salary by the average market salary and then multiplying by 100. This ratio helps employers assess how competitive their salaries are compared to the market.
Let's assume the following values:
Using the formula to calculate the Compa Ratio:
\[ CMPR = \left( \frac{60000}{70000} \right) \times 100 \approx 85.71\% \]
The Compa Ratio is approximately 85.71%.
