Salary Competitiveness Ratio (SCR) is a measure of how competitive the current salary is that a company offers for specific job roles. Salary competitiveness can be measured against specific competitors or against the general market.
Salary Competitiveness Ratio (competitor) = Salary offered by your company / Salary offered by your competitor
Salary Competitiveness Ratio (industry) = Salary offered by your company / Average Salary offered in the industry or sector
This indicator is included in the book: Key Performance Indicators - the 75+ measures every manager needs to know, which contains an in-depth description of this KPI, as well as practical advice on data collection, calculations, target setting, and actual usage.
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