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Calculating Midpoint of Salary Range

The document outlines the salary structure of ABC Company, including minimum and maximum salaries for each grade and position. It calculates the midpoint salary for each grade by averaging the minimum and maximum. The midpoint salaries increase by 32% between each grade, showing the progression in compensation as employees advance to higher levels in the company.

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Mohamad Bukhari
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92 views14 pages

Calculating Midpoint of Salary Range

The document outlines the salary structure of ABC Company, including minimum and maximum salaries for each grade and position. It calculates the midpoint salary for each grade by averaging the minimum and maximum. The midpoint salaries increase by 32% between each grade, showing the progression in compensation as employees advance to higher levels in the company.

Uploaded by

Mohamad Bukhari
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Salary Structure of ABC Company

Grade Name Position Min Max


6 Haney Jr. Executive $700 $900
7 Charles Executive $850 $1,150
8 Jake Sr. Executive $1,100 $1,300
9 Amy Asst. Manager $1,600 $2,000
10 Jimmy Manager $1,900 $2,300
11 Kimberly General Manager $2,300 $3,200
12 Mike COO $3,400 $4,000
13 Howard VP $4,500 $5,500
14 Jason SVP $6,300 $7,000
15 Bill CEO $9,000 $11,000
Mid Point
Using AVERAGE Function

Grade Name Position Min Max


6 Haney Jr. Executive $700 $900
7 Charles Executive $850 $1,150
8 Jake Sr. Executive $1,100 $1,300
9 Amy Asst. Manager $1,600 $2,000
10 Jimmy Manager $1,900 $2,300
11 Kimberly General Manager $2,300 $3,200
12 Mike COO $3,400 $4,000
13 Howard VP $4,500 $5,500
14 Jason SVP $6,300 $7,000
15 Bill CEO $9,000 $11,000
P

Mid Point Grade Name


$800 6 Haney
$1,000 7 Charles
$1,200 8 Jake
$1,800 9 Amy
$2,100 10 Jimmy
$2,750 11 Kimberly
$3,700 12 Mike
$5,000 13 Howard
$6,650 14 Jason
$10,000 15 Bill
Practice Section

Position Min Max Mid Point


Jr. Executive $700 $900
Executive $850 $1,150
Sr. Executive $1,100 $1,300
Asst. Manager $1,600 $2,000
Manager $1,900 $2,300
General Manager $2,300 $3,200
COO $3,400 $4,000
VP $4,500 $5,500
SVP $6,300 $7,000
CEO $9,000 $11,000
Applying Mathematical Formula

Grade Name Position Min Max


6 Haney Jr. Executive $700 $900
7 Charles Executive $850 $1,150
8 Jake Sr. Executive $1,100 $1,300
9 Amy Asst. Manager $1,600 $2,000
10 Jimmy Manager $1,900 $2,300
11 Kimberly General Manager $2,300 $3,200
12 Mike COO $3,400 $4,000
13 Howard VP $4,500 $5,500
14 Jason SVP $6,300 $7,000
15 Bill CEO $9,000 $11,000
P

Mid Point Grade Name


$800 6 Haney
$1,000 7 Charles
$1,200 8 Jake
$1,800 9 Amy
$2,100 10 Jimmy
$2,750 11 Kimberly
$3,700 12 Mike
$5,000 13 Howard
$6,650 14 Jason
$10,000 15 Bill
Practice Section

Position Min Max Mid Point


Jr. Executive $700 $900
Executive $850 $1,150
Sr. Executive $1,100 $1,300
Asst. Manager $1,600 $2,000
Manager $1,900 $2,300
General Manager $2,300 $3,200
COO $3,400 $4,000
VP $4,500 $5,500
SVP $6,300 $7,000
CEO $9,000 $11,000
Utilizing AutoSum Feature

Grade Name Position Min Max


6 Haney Jr. Executive $700 $900
7 Charles Executive $850 $1,150
8 Jake Sr. Executive $1,100 $1,300
9 Amy Asst. Manager $1,600 $2,000
10 Jimmy Manager $1,900 $2,300
11 Kimberly General Manager $2,300 $3,200
12 Mike COO $3,400 $4,000
13 Howard VP $4,500 $5,500
14 Jason SVP $6,300 $7,000
15 Bill CEO $9,000 $11,000
P

Mid Point Grade Name


$800 6 Haney
$1,000 7 Charles
$1,200 8 Jake
$1,800 9 Amy
$2,100 10 Jimmy
$2,750 11 Kimberly
$3,700 12 Mike
$5,000 13 Howard
$6,650 14 Jason
$10,000 15 Bill
Practice Section

Position Min Max Mid Point


Jr. Executive $700 $900
Executive $850 $1,150
Sr. Executive $1,100 $1,300
Asst. Manager $1,600 $2,000
Manager $1,900 $2,300
General Manager $2,300 $3,200
COO $3,400 $4,000
VP $4,500 $5,500
SVP $6,300 $7,000
CEO $9,000 $11,000
Calculating Salary Range Midpoint Progression

Grade Position Mid Point Min Max


6 Jr. Executive $740 $644 $836
7 Executive $975 $854 $1,096
8 Sr. Executive $1,286 $1,132 $1,438
9 Asst. Manager $1,694 $1,501 $1,887
10 Manager $2,233 $1,989 $2,475
11 General Manager $2,944 $2,637 $3,247
12 COO $3,880 $3,495 $4,260
13 VP $5,113 $4,633 $5,589
14 SVP $6,740 $6,142 $7,332
15 CEO $8,883 $8,141 $9,619
on

Growth Grade
6
32% 7
32% 8
32% 9
32% 10
32% 11
32% 12
32% 13
32% 14
32% 15
Practice Section

Position Mid Point Min Max Growth


Jr. Executive $800 $700 $900
Executive $1,000 $850 $1,150
Sr. Executive $1,200 $1,100 $1,300
Asst. Manager $1,800 $1,600 $2,000
Manager $2,100 $1,900 $2,300
General Manager $2,750 $2,300 $3,200
COO $3,700 $3,400 $4,000
VP $5,000 $4,500 $5,500
SVP $6,650 $6,300 $7,000
CEO $10,000 $9,000 $11,000

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