What is 'compa ratio' in SAP LOD-SF-EC - Employee Central?

compa ratio - Overview

• Component: LOD-SF-EC

• Component Name: Employee Central

• Description: The ratio of an employee's actual salary to the midpoint, or maxpoint, of the applicable salary range.

compa ratio - Details

• 
  Key Concepts: 
  Compa Ratio is a term used in SAP's Employee Central module. It is a measure of an employee's salary relative to the market rate for their job. It is calculated by dividing an employee's salary by the median salary for their job role. 
  
  How to use it: 
  Compa Ratios are used to ensure that employees are being paid fairly and competitively. They can be used to compare salaries across different job roles and locations, and to identify any discrepancies in pay. They can also be used to set salary ranges for new hires and promotions. 
  
  Tips & Tricks: 
  When calculating Compa Ratios, it is important to use accurate data from reliable sources. This will ensure that the ratios are accurate and up-to-date. It is also important to consider other factors such as experience, qualifications, and performance when setting salaries. 
  
  Related Information: 
  Compa Ratios are just one of many metrics used in SAP's Employee Central module. Other metrics include performance ratings, job satisfaction surveys, and employee engagement scores. All of these metrics can be used together to create a comprehensive picture of an employee's performance and value to the organization.