The formula to calculate the salary ratio is:
\[ \text{Salary Ratio} = \frac{\text{Salary 1}}{\text{Salary 2}} \]
Where:
A salary ratio is a comparative metric that expresses the relationship between two different salary amounts. It is often used in business and human resources to compare the pay rates of different positions, to ensure fair compensation, or to analyze wage gaps.
Example:
Calculation:
\[ \text{Salary Ratio} = \frac{60000}{40000} = 1.5 \]
