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Quantitative Principles in Compensation Management Questions 16–20 (page: 5)

Updated On: 10-Feb-2026

A survey shows the average pay for senior accounting clerks is 1,570/mth. Your midpoint for senior- accounting clerks is 1,670 and the average actual pay is 1,550.
What is your compa-ratio for accounting clerks? What is your market index?

  1. .928 compa, .987 market
  2. .928 compa, 1.064 market
  3. .987 compa, 1.064 market
  4. .987 compa, 1.013 market

Answer(s): A



An executive is hired at 80,000/yr. His is guaranteed a 6,000 salary increase after 6 months.
What % increase is that?

  1. 6.0%
  2. 6.5%
  3. 7.0%
  4. 7.5%

Answer(s): D



Suppose you were given the following data for salary grade 007: Min 4,800 Midpoint 6,000 Max 7,200
What is the salary range spread?

  1. 35%
  2. 37.5%
  3. 40%
  4. 50%

Answer(s): D



If the midpoint is 2,000 and the desired range spread is 50%, what are the min and max values?

  1. 1,500 min; 2,500 max
  2. 1,600 min; 2,400 max
  3. 1,700 min; 2,300 max
  4. 1,750 min; 2,250 max

Answer(s): B



If the minimum is 2,000 and the desired range spread is 40%, what is the midpoint?

  1. 2,000
  2. 2,300
  3. 2,400
  4. 2,800

Answer(s): C



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