24 Feb Salary Structure Exercise
Given salary grades SG3 and SG4 shown below, which are part of a 7-grade salary structure for exempt, salaried (non-executives) employees: A. Calculate: 1. the range spreads for SG3 & SG4 2. the degree of overlap between SG3 & SG4 3. the midpoint-to-midpoint progression or increase (in percent) between SG3 and SG4 $96,000 $80,000 SG5 $48,000 SG4 $40,000 SG3 SG2 4. Given the data in Part A above, what is your assessment of the design of this pay structure? 5. Could the organization do anything to improve its pay structure? If so, what? B. Assume that there are six employees in SG3 with the following salaries: $40,000; $42,000; $48,000; $50,000; $70,000; $74,000. 6. What is the average salary for employees in SG3? 7. What is the median salary for employees in SG3? 8. Why is the average salary so different from the median salary? What are the implications of this difference?
9. What is the group compa-ratio for employees in SG3? 10. What do you conclude from the compa-ratio you calculated for SG3? (Do not just define what the compa-ratio is.)
All questions are worth 10 points each.
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.