Refers to the average pay rates for similar roles or skills in the wider market place. A number of organisations including the Hay Group carry out detailed annual surveys in order to provide details of pay and benefits across various market sectors.
Market rate denotes a risk adjusted financial rate of return as compared to market instruments of similar term and risk. For example, an insured deposit in a community development bank or credit union that approximated the average rate of return for similar term deposits in other non-community development depositories could be considered "market rate." Microenterprise Financing to for-profit and nonprofit businesses with five or fewer employees (including proprietor) and with a maximum loan/investment of $25,000. This financing may be for the purpose of start-up, expansion, working capital, equipment purchase/rental, or commercial real estate development or improvement.
Measures the child care rates charged by the provider and paid by the consumers in a specific geographic location. Assists in determining the maximum amount the State or county will pay for child care subsidies.