Salary Structure Information Data

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By IT Expert Shahzad Asghar Arain For further detail [email protected] Salary Structure A salary structure is made up of multiple salary grades/ranges. Each grade is defined by its lowest and highest salary within the range. Salary grades typically overlap each other at the low and high ends of each range. For example: High Value: 130,550.46 Progression Rate: 14.0% Low Value: 12,345 Number of Grades: 19 Grades

Minimum

Midpoint

Maximum

1 2 3

53,333.33 61,584 71,111.05

60,000 69,282 79,999.93

66,666.67 76,980 88,888.82

Progression Rate 15.47% 15.47%

Range Spread 25.0% 25.0% 25.0%

High Value The high value is the highest salary in the salary structure (or range).

Low Value The low value is the lowest salary in the salary structure (or range).

Progression Rate The progression rate is the percentage difference between the midpoint of adjoining salary grades. For example: Grades

Minimum

Midpoint

Maximum

1 2

53,333.33 61,584

60,000 69,282

66,666.67 76,980

Progression Rate 15.47% 15.47%

Range Spread 25.0% 25.0%

Number of Grades The number of salary grades/ranges that make up the salary structure.

Range Spread The range spread is based on the difference between the low and high values for a specific salary grade/range. Specifically, the range spread is defined as: (High Value - Low Value) / Low Value * 100. Typically, lower level jobs have smaller range spreads than higher level (executive) jobs. For example The range spread is 50% for the following salary grade/range: High value: 150,000 Low value: 100,000