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From
the Janco Associates, Inc. database, compensation benchmark ranges are established for each
normalized job position. In analyzing the study data, the upper and lower
quartiles are eliminated to determine Benchmark Ranges. The
benchmark ranges are then used to assess the alignment of a company's actual compensation
to the marketplace for each job function. The results can be assessed
using the following guidelines.
Below Benchmark Range - Highly impacted by forces of the marketplace
Within Benchmark Range - Subject to the normal forces of the marketplace for similar job functions and responsibilities.
Above Benchmark Range - Not subject to the forces of the marketplace
The Benchmark
represents our assessment of the compensation level required for
organizations to remain competitive and minimize the risk of losing
employees to other organizations. Reviews
were conducted from the standpoint of a comparison o base salary and, when
appropriate, from the additional standpoint of total compensation.
Total compensation is determined by adding the budgetary bonus amounts and
an equivalent cash value for above-standard compensation to an individual's
base salary.
The
compensation Study data was divided into two categories. Large
companies are companies whose gross revenues are equal to or greater than
$500MM. Mid-sized companies are companies whose gross revenues are
less than $500MM.
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