Market Reference Point

Italian translation: punto di riferimento nel mercato

English term or phrase:Market Reference Point
Italian translation:punto di riferimento nel mercato
Entered by: I_CH

08:25 Nov 16, 2018
English to Italian translations [PRO]
Bus/Financial - Business/Commerce (general)
English term or phrase: Market Reference Point
What is a Market Reference Point (MRP)?
A "Market Reference Point" (MRP) is assigned to each position. It is derived from the average actual paid salary in the external labor market according to salary survey data or, if benchmark data is not available, on comparisons with benchmarked positions. The MRP represents the salary level of an employee who has attained complete mastery of the position requirements to the extent that he/she can fully execute all of the essential job functions of the position. The MRP presumes that the employee has acquired all of the requisite job knowledge, skills and abilities and, importantly, has demonstrated these over some specified period of time. Each MRP has a salary range associated with it comprised of a "hard" minimum, meaning that no employee will be paid below it, and a maximum. An employee's salary within the MRP range is dependent on his/her qualifications, including years of related experience, performance and internal salary equity considerations. As with salary grades, there is overlap among MRP ranges.

Local time: 22:01
punto di riferimento nel/sul mercato
Explanation: ...

Note added at 2 giorni 23 ore (2018-11-19 08:16:58 GMT) Post-grading

Selected response from:

Maria Teresa Sammarco
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4 KudoZ points were awarded for this answer

Summary of answers provided
4punto di riferimento nel/sul mercato
Maria Teresa Sammarco



18 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
market reference point
punto di riferimento nel/sul mercato

Explanation: ...

Note added at 2 giorni 23 ore (2018-11-19 08:16:58 GMT) Post-grading


Maria Teresa Sammarco
Works in field
Native speaker of: Native in ItalianItalian
PRO pts in category: 8
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