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- To calculate a salary range, you can follow these steps:
- Determine the highest and lowest salary grades for the position.
- Find the difference between the highest and lowest grades.
- Divide that difference by the minimum salary to get the percentage range.
- Use this range to establish the base pay for the position1.Alternatively, you can use a Salary Range Percentile Calculator by inputting the specific salary, lowest salary, and highest salary to find the percentile2.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.You can calculate a salary range by figuring the difference between the highest grade to the lowest grade and dividing that number by the minimum. Companies use this to establish the base pay for a position. They also establish salary ranges by determining the percentage they want to pay based on the spectrum of market wages.www.indeed.com/career-advice/pay-salary/how-to-…To use the Salary Range Percentile Calculator, follow these steps:
- Input the Specific Salary: Enter the salary value for which you want to find the percentile.
- Input the Lowest Salary in the Range (L): Provide the lowest salary value in the range.
savvycalculator.com/salary-range-percentile-calcul… - People also ask
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