Compensation & Benefits Class:
Assume that a salary range in your company has a midpoint of $31,000. The range spread is 35%. Now answer the questions below:
What is the minimum of the range? (don’t guess, there is a formula…)
What is the maximum of the range? (don’t guess, there is a formula…)
With a spread of 35%, is the range likely an executive or managerial range?
If an employee’s pay is $28,000, what is that employee’s comp ratio?
If the employee’s pay is $28,000, are they lagging or leading?