Compensation Metrics Cheatsheet for HR Professionals

Description
Take the guess work out of how you’ll handle compensation requests and understand the key metrics compensation professionals use to evaluate increases and salary band ranges. This 3 page PDF will include the formulas and examples for these metrics:

Compa-ratio
Market Index
Range Penetration
Midpoint and Midpoint Differential
Range Spread

Also included are general guidelines on typical range spreads and midpoint differentials per position type.

Whether you are a human resource generalist or the only HR professional at your organization, having a compensation metrics cheatsheet can help you reference the key metrics when you to know them. Also take advantage of other HR related spreadsheet templates, to quickly achieve your HR goals. Be sure to browse the other options for spreadsheet templates to help with Turnover Reporting, Total Rewards Statements, Merit Increases, Variable Compensation and bonus plan administration, etc. at the main timesavingtemplates.com website.

About me - I’m Erin and I love to save people time when it comes to streamlining their spreadsheets. With a background in HR and compensation, CCP and PHR certifications, I’m excited to bring you some time saving tools for your HR and compensation related challenges.