Assuming that Rainbow Life wanted to pay their accounting staff, on average, at the 70th...
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Accounting
Assuming that Rainbow Life wanted to pay their accounting staff, on average, at the 70th percentile of the average salaries paid by their competition in the Toronto marketplace, how would you go about doing that?
The following table contains the current salary of the members of the accounting department of Rainbow Life.
Employee Number
Job Level
Job Evaluation
Points
Annual
Salary (C$)
1
Accountant I
370
80,000
2
Accountant I
370
80,000
3
Accountant I
370
81,000
4
Accountant I
370
81,500
5
Accountant I
370
85,000
6
Accountant I
370
90,000
7
Accountant I
370
91,000
8
Accountant I
370
92,000
9
Accountant I
370
93,000
10
Accountant I
370
95,000
11
Accountant I
370
95,500
12
Accountant II
570
90,000
13
Accountant II
570
94,000
14
Accountant II
570
95,000
15
Accountant II
570
96,000
16
Accountant II
570
100,000
17
Accountant II
570
101,000
18
Accountant II
570
105,000
19
Accountant II
570
107,000
20
Accountant II
570
107,000
21
Accountant II
570
108,000
22
Accountant II
570
109,000
23
Accountant III
710
105,000
24
Accountant III
710
109,000
25
Accountant III
710
109,000
26
Accountant III
710
110,000
27
Accountant III
710
110,000
28
Accountant III
710
110,500
29
Accountant III
710
112,000
30
Accountant III
710
115,000
31
Accounting Manager
895
120,000
32
Accounting Manager
895
127,500
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