Salary Structure Exercise — HRM6632 | ||||||||||

Show all calculations! | ||||||||||

Given salary grades SG3 and SG4 shown below, which are part of a 6-step salary structure for exempt, salaried 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 | ||||||||||

$90,000 | ||||||||||

$72,000 | ||||||||||

SG5 | ||||||||||

$45,000 | ||||||||||

SG4 | ||||||||||

$36,000 | ||||||||||

SG3 | ||||||||||

SG2 | ||||||||||

4. Given the data in Part A above, what is your assessment of this pay structure? | ||||||||||

5. Could this organization do anything to improve its salary structure? If so, what? | ||||||||||

B. Assume that there are six employees in SG3 with the following salaries: | ||||||||||

$38,000; $42,000; $46,000; $48,000; $70,000; $72,000. | ||||||||||

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? | ||||||||||

All questions are worth 5 points each. | ||||||||||

##### Do you need a similar assignment done for you from scratch? We have qualified writers to help you. We assure you an A+ quality paper that is free from plagiarism. Order now for an Amazing Discount!

Use Discount Code “Newclient” for a 15% Discount!

NB: We do not resell papers. Upon ordering, we do an original paper exclusively for you.

The post i need help with this assignment 72 appeared first on The Nursing Hub.