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Typically, pay grades encompass two dimensions: a “vertical” range where each level corresponds to the responsibility of, and requirements needed for a certain position; and a “horizontal” range within this scale to allow for monetary incentives rewarding the employee's quality of performance or length of service.
The measure is used for the United Nations Development Programme Human Development Indicators. [ 4 ] [ 5 ] The 20:20 ratio for example shows that Japan and Sweden have a low equality gap, where the richest 20% only earn 4 times the poorest 20%, whereas in the UK the ratio is 7 times and in the US 8 times.
Free add-on to STATA to compute inequality and poverty measures; Free Online Software (Calculator) computes the Gini Coefficient, plots the Lorenz curve, and computes many other measures of concentration for any dataset; Free Calculator: Online and downloadable scripts (Python and Lua) for Atkinson, Gini, and Hoover inequalities
A pay scale (also known as a salary structure) is a system that determines how much an employee is to be paid as a wage or salary, based on one or more factors such as the employee's level, rank or status within the employer's organization, the length of time that the employee has been employed, and the difficulty of the specific work performed.
By Vickie Elmer If your boss is like most managers, she's probably too busy managing meetings and deadlines and corporate goals to give much thought to your value to the company.
A person must make a minimum of $8,333.33 monthly to have a six-figure salary. Calculate this amount by taking the annual salary and dividing it by 12 months.
New York City is widely regarded as the most overpriced housing market — and for good reason. According to data from the Federal Reserve of St. Louis , the median home size of listings in ...
There was a steady increase in the global income inequality Gini score from 1820 to 2002, with a significant increase between 1980 and 2002. This trend appears to have peaked and begun a reversal with rapid economic growth in emerging economies, particularly in the large populations of BRIC countries.