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Salary Budget Variance

Actual vs budgeted salary expenditure

How it’s computed

(actual - budget) / budget

What the evidence shows

Evidence (effect sizes, priors, validity) is syncing from Principia.

What this metric can show you

Salary Budget Variance can tell roughly 22 pre-built stories — each a designed scene the data either confirms or it doesn’t. Bring your numbers and the Story Finder runs every one of these shapes against them.

specific to compensation & benefits

ABCDE

A real gradient — now ask if it's pointed at value

compensation · T1

ABCDE

Below the market, across the board

compensation · T1

ABCDE

One group sits apart on a decision that should be neutral

fairness-equity · T1

Pay is drifting from plan

compensation · T1

universal shapes — any single metric can take these

A few large values are doing the talking

any focus · T1

A one-time event, not a trend

any focus · T1

It doesn't track — the premise is false

any focus · T1

ABCDE

It's concentrated — one group stands apart

any focus · T1

Scenes are pre-built; your data is the toggle. Browse the full deck or watch one play end-to-end in The Quiet Exodus.

Run it on your data

This metric is computed in the People Analytics Toolbox on your own numbers. See pricing — posted, no quotes.

sources: toolbox:metrics-catalog

What the literature says

The measurement literature behind this signal — sourced, so you can defend it.

  • Turnover lowers costs because employees who terminate usually are compensated at higher levels than those who replace them. In fact, because of turnover in some companies, salary programs add zero dollars to total payroll. However, the impact of turnover is generally more…

    Compensation Benefit Designmatch 50%

  • We do so in Exhibit 3-2 . Exhibit 3-2. Elements of the Total Compensation Framework (continuing the discussion from Chapter 1 ) [image "Image" file=Image00020.jpg] In the discussions about the projections of total compensation forecasting, expenditures normally paid via expense…

    Compensation Benefit Designmatch 49%

  • Using the same pay policy, the company would like its pay levels to be 2.0% above the market at the middle of the plan year. For our example, then, we have completed Table 11.6 to get the final market-based salary increase budget of 4.0%. If it turns out that your situation is…

    Statistics for Compensationmatch 48%

Resources: Compensation Benefit Design · Statistics for Compensation