Calculate the new midpoint

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Reference no: EM13104369

Assume a midpoint of $32,000 per year and a 40% range spread. The individual is curretnly being paid at an 83% compa-ratio. The individual receives a 7% pay increase. On January 1, 2014 the entire pay grade increases by 2.5%
A. Calculate the new compa-ratio for this individual after receiving the 7% pay increase.
B. Calculate the new midpoint, minimum, and maximum as of January 1, 2014.
C. Calculate the individual's new compa ratio as of January 1, 2014.

Reference no: EM13104369

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