Salary competitiveness ratio (SCR)
Key performance question this indicator helps to answer
To what extent are we offering a competitive salary to our employees?
Why is this indicator important?
Competition for the best talent is fierce in most markets and offering an attractive salary package is important in order to attract and retain talent. Just as businesses compete for customers to whom to sell their goods and services, they compete for the best talent.
Understanding how the salary your company pays compares to the pay competitors provide to their employees in similar positions in the same area or market gives you an insight into the competitiveness of your company as a potential employer ...