### Determining the minimum and maximum when only the midpoint is known . . .

When using survey data to determine the salary range for a position, you could use the 10th 50th and 90th percentiles as your minimum, midpoint, and maximum for the range. One of the problems with doing that, though, is that those points tend to fluctuate with the survey data so that you never really know what your range spread is from position to position.

There is a simple method for determining the min, mid, and max of your salary range when only the midpoint of the survey data is known. First, you have to decide whether you want to use the 50th percentile as your midpoint or use the mean of the salary data for the demographic elements you’ve selected. For this example, let’s use the mean shown below.

The next decision you need to make is the range spread. Do you want it to be 25%, 50%, 75%, or even more? For this example, let’s use 50% as our range spread. In this case, the midpoint of our rage is $135,500 (rounding is okay).

To find the minimum, divide the market rate by 1.00 + ½ of the range spread:

To find the maximum, multiply the minimum times 1 plus the range spread:

**See, it’s really easy!**

NOTE: If you’d like to see this formula in action, go to http://compensation.blr.com/timesavers/Calculators/Compensation/Compensation-Administration/Job-Grade-Rate-Range-Calculator/

It’s a pity you don’t have a donate button! I’d without a doubt donate

to this superb blog! I suppose for now i’ll settle for bookmarking and adding your RSS feed to my Google account.

I look forward to new updates and will talk about this blog with my Facebook group.

Talk soon!

LikeLike

Glad you like it. Thanks for stopping by.

LikeLike

Howdy! This is kind of off topic but I need some help from an established blog. Is it hard to set up your own blog? I’m not very techincal but I can figure things out pretty quick. I’m thinking about setting up my own but I’m not sure where to begin. Do you have any points or suggestions? Thank you

LikeLike

Try wordpress.com. They make it very easy and offer free blogging.

LikeLike

Hi. I found your blog making use of msn. This is a perfectly written article.

I’ll be sure to bookmark it and also return to read more of

your helpful information. Many thanks for the post. I will surely return.

LikeLike

Glad you like it. Thanks for stopping by.

LikeLike

Hello there, just became aware of your site through Google,

and discovered that it’s truly informative. I’ll

be thankful if you continue this in future.

LikeLike

Glad you like it. Thanks for stopping by.

LikeLike

Hmm it appears like your website ate my first comment (it was

very long) so I guess I’ll just sum it up what I had written and say, I’m thoroughly enjoying your blog.

I as well am an aspiring blogger however I’m still new to everything.

Do you have any points for newbie blog writers?

I’d definitely appreciate it.

LikeLike

Just keep at it. Make sure your grammar and punctuation is correct. Use as many pics as you can and make the content interesting to read. Thanks for stopping by.

LikeLike

Loving the information on this web site, you have done great job on the posts.

LikeLike

Glad you like it. Thanks for stopping by.

LikeLike

Wow! Finally I got a weblog from where I can genuinely get valuable facts concerning my study and knowledge.

LikeLike

Glad you found it helpful. Thanks for stopping by.

LikeLike

Good information. Lucky me I recently found your website by

chance (stumbleupon). I’ve saved it for later!

LikeLike

Glad you found it and thanks for stopping by.

LikeLike

Hi terrific website! Does running a blog such as this take a large amount

of work? I have absolutely no understanding of programming

however I had been hoping to start my own blog soon. Anyway, if you have any recommendations or tips for

new blog owners please share. I understand this is off

topic nevertheless I just had to ask. Cheers!

LikeLike

I don’t spend a lot of time on this one, though I will more going forward. You don’t need to know programming to set up a blog, WordPress.com makes it very easy to do. I have another blog and, with it, I’ve found the best way to generate traffic is to read, comment, and/or follow other blogs with similar content.

LikeLike

I see your page’s ranking is very low, it’s hard to find in search results.

You would triple your traffic if you rank your website to

top 10 results. SEO become very hard nowadays, i know what can help you,

just type in google for:

Kelustu’s Tips Outsource The Work

LikeLike

Thank you for stopping by.

LikeLike