Wage Premium (OI9767)

This metric is intended to capture the extent to which the organization pays above-market wages by position. Organizations should use the average wage for the specific position 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), and PayScale.com (https://www.payscale.com/), among others.

In some circumstances, this metric can help describe the CONTRIBUTION an enterprise likely had to the degree of change (depth) in outcome that the stakeholders experienced, relative to what the market or social system would have done anyway. For more on the alignment of IRIS metrics to the five dimensions of impact, see IRIS+ and the Five Dimensions of Impact (https://iris.thegiin.org/document/iris-and-the-five-dimensions/). No single metric is sufficient to understand an impact; rather, metrics are selected as a set across all dimensions of impact. When possible, the selection of metrics to measure and describe the five dimensions should be based on best practice and evidence.