Salary Benchmarking & Pay Gap Analysis
Compa-ratios against grade benchmarks, mean and median gaps, and the split between a pay gap and a structure gap.
Salary Benchmarking & Pay Gap Analysis is a free Excel workbook: 4 sheets, 234 live formulas and realistic sample data throughout, 15 KB as .xlsx.
The formulas are printed on this page, unedited, so you can check the method before downloading anything. Swap in your own numbers and the whole file recalculates — which is the part no chat window can hand you. Opens in Excel, Google Sheets, Numbers and LibreOffice; no add-in and no macro.
A look inside
This is a real slice of the People sheet from the actual file — not a screenshot, and not a mock-up. Cells shown in violet are live formulas, exactly as they arrive.
| # | Ref | Grade | Group | Salary | Midpoint | Compa-ratio | Position in band |
|---|---|---|---|---|---|---|---|
| 2 | P101 | G1 | B | £27,500 | =IFERROR(VLOOKUP(B2,Benchmarks!$A$2:$E$6,4,F… | =IFERROR(D2/E2,0) | =IFERROR((D2-VLOOKUP(B2,Benchmarks!$A$2:$E$6… |
| 3 | P102 | G3 | A | £52,000 | =IFERROR(VLOOKUP(B3,Benchmarks!$A$2:$E$6,4,F… | =IFERROR(D3/E3,0) | =IFERROR((D3-VLOOKUP(B3,Benchmarks!$A$2:$E$6… |
| 4 | P103 | G1 | B | £32,500 | =IFERROR(VLOOKUP(B4,Benchmarks!$A$2:$E$6,4,F… | =IFERROR(D4/E4,0) | =IFERROR((D4-VLOOKUP(B4,Benchmarks!$A$2:$E$6… |
| 5 | P104 | G2 | A | £40,000 | =IFERROR(VLOOKUP(B5,Benchmarks!$A$2:$E$6,4,F… | =IFERROR(D5/E5,0) | =IFERROR((D5-VLOOKUP(B5,Benchmarks!$A$2:$E$6… |
| 6 | P105 | G2 | A | £34,000 | =IFERROR(VLOOKUP(B6,Benchmarks!$A$2:$E$6,4,F… | =IFERROR(D6/E6,0) | =IFERROR((D6-VLOOKUP(B6,Benchmarks!$A$2:$E$6… |
| 7 | P106 | G3 | B | £51,500 | =IFERROR(VLOOKUP(B7,Benchmarks!$A$2:$E$6,4,F… | =IFERROR(D7/E7,0) | =IFERROR((D7-VLOOKUP(B7,Benchmarks!$A$2:$E$6… |
| 8 | P107 | G3 | A | £56,500 | =IFERROR(VLOOKUP(B8,Benchmarks!$A$2:$E$6,4,F… | =IFERROR(D8/E8,0) | =IFERROR((D8-VLOOKUP(B8,Benchmarks!$A$2:$E$6… |
| 9 | P108 | G1 | A | £32,000 | =IFERROR(VLOOKUP(B9,Benchmarks!$A$2:$E$6,4,F… | =IFERROR(D9/E9,0) | =IFERROR((D9-VLOOKUP(B9,Benchmarks!$A$2:$E$6… |
What’s in the file
What it explains
- Compa-ratio is the working number
- The mean gap and the median gap disagree, and the median is the honest one
- A pay gap is usually a structure gap
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