Satisfaction with Salary and Benefits
Score
A metric obtained from employee feedback, capturing their level of contentment with their compensation package, including both salary and additional benefits.
Competitive and satisfactory compensation is a significant motivator for employee performance, retention, and attraction. It reflects how well the organization is aligning its compensation with market standards and employee expectations.
Formula
Average score from employee satisfaction surveys regarding salary and benefits
Example
If surveyed employees rate their satisfaction with salary and benefits with an average score of 8 out of 10, that's the metric value.