C3E Quantitative Principles in Compensation Management Questions and Answers

George & Kevin agree to job share. George will work two 10-hour days and Kevin will work three 7-hour days. What percent of the total weekly hours is George going to work?

What is the mode for the following set of numbers?

15, 18, 13, 19, 25, 24, 26, 14, 25, 35, 12, 99, 54, 13, 22, 19, 13

Why do compensation professionals collect & use data?

Which of the following describes an annuity?

You have 660 hourly, 420 salaried non-management and 320 salaried management employees. What is the percentage of salaried non-management employees?

If you earn 50,000 per year and your co-worker in the same job earns 60,000, what percent adjustment do you need to equal your co-worker?

For the same problem set, the market appears to be paying entry-level buyers 42,500. Approx how many job evaluation points should your entry-level buyer position be worth to your org, assuming the regression model provides a good fit, based solely on the linear model of y = 15000 + 50x?

Makayla's salary has grown at a rate of 7.3% per year for the past six years. If her increases remain the same, how long will her salary take to double?

How much interest will you earn on 2,500 in three years, if the interest rate is 6%, and the interest is compounded annually?

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?

You have been asked to comment on a proposed provision in the union contract. over the next 3 years, management proposes increases of 2%, 2.5%, 3% over the 3 year life of the contract. The union negotiator insists that it be 3%, 2.5%, 2.0%. Assuming the hourly rate for a job class is 12.50/hr., what is the rate in three years?

Which of the following is characteristic of a normal distribution?

Which of the following provide useful guidelines for grouping data into categories?