question archive Performance Compa-ratio Compa-ratio Compa-ratio Compa-ratio Compa-ratio Rating
Performance Compa-ratio Compa-ratio Compa-ratio Compa-ratio Compa-ratio Rating
Subject:ManagementPrice:9.82 Bought3
Performance Compa-ratio Compa-ratio Compa-ratio Compa-ratio Compa-ratio Rating .8 - .89 .9 - .99 1.0 1.01 - 1.09 1.1 - 1.2 Excellent Up to 12% Up to 11% Up to 10% Up to 9% Up to 8% Above Up to 10% Up to 9% Up to 8% Up to 7% Up to 2.8% Standard Satisfactory Up to 8% Up to 7% 2.8% Up to 2.8% Up to 2.8%
Employee A has current salary of $46,000 and a current midpoint of $51,000 and is rated "Satisfactory". His/her new compa-ratio will be:
O .97
O .93
O .94
O .96
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The answer is equal to .96
Step-by-step explanation
The Compa-ratio= Actual salary/ Midpoint(midpoint of pay range)
= 46000/51000
=0.90
Satisfactory range of 7%= 7/100x0.90
0.063
therefore compa ratio woul be 0.06+ 0.90
=0.96
