Beneficiaries

  • Employees

Operational Impact

Filters

Wage Premium (OI9767)

Ratio that compares the additional average wage paid to employees of the organization, to the average wage paid for a similar job in a similar industry/sector in the local market, at the end of the reporting period.
Calculation:
Reporting format
Decimal
Metric type
Stock
Metric level
Organization
IRIS metric citation
IRIS, 2016. Wage Premium (OI9767). v4.0.

Footnote

Organizations should footnote the specific position(s) for which the wage premium applies, as well as assumptions and sources related to the comparable position at a similar organization. See usage guidance for further information.

Usage Guidance

  • Organizations should use the average wage for the specific position(s) analyzed.
  • To source data points for average wages paid to employees in comparable positions at similar organizations, organizations can refer to resources issued by independent, third-party research bodies within their respective countries of operation. For example, organizations operating in the United States may refer to wage data by area and occupation published by the U.S. Bureau of Labor Statistics (http://www.bls.gov/bls/blswage.htm). Additional resources include The World Bank Group's WDR2013 Occupational Wages around the World report (http://data.worldbank.org/data-catalog/occupational-wages), WageIndicator.org (http://www.wageindicator.org/main/salary/Salarycheckers), PayScale.com, and others.