Salary Bands Anchored to Real Benchmarks
Capture market data by role and location as p50/p75/p90 percentiles, define bands from it, and see where each employee sits - so raises and offers reference a range, not a gut feel.
Bands built on benchmarks
A compensation band is only as good as the market data under it. Fintra captures benchmarks per job title and location - median, 75th, and 90th percentiles - and stores each capture with its provider and timestamp, so a band traces back to a dated, sourced reference.
| Field | Meaning |
|---|---|
| p50 | Market median for the role/location |
| p75 | 75th percentile |
| p90 | 90th percentile |
| provider | Where the benchmark came from |
| captured_at | When it was captured (bands age; this shows it) |
Employee positioning
With a band defined, an employee’s salary can be compared to the range - below, within, or above - giving managers and comp partners a consistent reference for merit decisions, offers, and equity reviews.
Compa-ratio
compa-ratio = salary ÷ band midpoint
A ratio under 1.0 means the employee is paid below the band midpoint; over 1.0, above. It’s the standard lens for spotting who’s lagging or leading their band.
Honest scope
Inside Fintra
Bands feed the merit cycle and offer-letter surfaces, and pair with pay-equity analysis so you can see both where someone sits in-band and whether the bands themselves are applied equitably.
Frequently asked questions
Where does Fintra get benchmark data?
Through a provider interface. Captured benchmarks store p50/p75/p90 with the provider and timestamp. A mock provider gives deterministic sample data; live providers return data when connected as an integration.
How do I know if someone is paid fairly against a band?
Compare their salary to the band via compa-ratio - under 1.0 is below midpoint, over 1.0 is above - for a consistent read across the org.
Do bands age?
Yes, and Fintra makes that visible: each benchmark stores its captured_at date, so you can tell when a band’s underlying market data needs refreshing.
How do bands relate to pay equity?
Bands set the intended range; pay-equity analysis checks whether pay within and across bands is applied without unexplained disparities.
Stay in the loop
One practical finance briefing a week - new guides, checklists, and benchmarks.