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PHR Certification Practice Test
Compensation & Benefits
PHR Certification
Compensation & Benefits Practice Test
Question 1 of 3
91% Get this Question Right
Compa-ratios are a measure of how employee _______________ compare(s) to the prevailing market.
A
paid leave
B
wages
C
benefit costs
D
retention
When pay ranges are based on the market rate, compa-ratios are an indicator as to how actual wages match, lead, or lag behind the target market. Compa-ratios are computed by dividing the pay rate of an employee by the midpoint of the pay range.
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