As a newly hired compensation analyst, you have been asked to conduct analyses to determine differences...

 

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As a newly hired compensation analyst, you have been asked to conduct analyses to determine differences in pay for similar jobs between two industries, the ratio of pay for similar jobs within two industries, and the ratio of pay for different jobs within an industry. The data represent annual base wages and exclude incentives or employee benefits. These data were extracted from the U.S. Bureau of Labor Statistics Occupational Employment Statistics Query System (www.bls.gov) for May, 2014. KP school status report.pdf Industry Oil and Gas Extraction Retail Annual median wage ($) Annual median wage ($) Occupation Chief Executives 187,199 180,360 Human Resources Managers 118,730 95,020 Accountants and Auditors 71,780 64,920 File Clerks 30,700 23,430 Questions: 11-8. By what percent does annual median pay differ between the oil and gas extraction industry and the retail trade industry for (a) chief executives, (b) human resources managers, (c) accountants and auditors, and (d) file clerks? 11-9. In the oil and gas extraction industry relative to the retail trade industry, what are the pay ratios between (a) chief executives, (b) human resources managers, (c) accountants and auditors, and (d) file clerks, respectively? 11-10. In the oil and gas extraction industry, what are the pay ratios for the chief executives job to (a) human resources managers, (b) accountants and auditors, and (c) file clerks? In the retail trade industry, what is the ratio of pay for chief executives to (d) human resources managers, (e) accountants and auditors, and (f) file clerks, respectively? As a newly hired compensation analyst, you have been asked to conduct analyses to determine differences in pay for similar jobs between two industries, the ratio of pay for similar jobs within two industries, and the ratio of pay for different jobs within an industry. The data represent annual base wages and exclude incentives or employee benefits. These data were extracted from the U.S. Bureau of Labor Statistics Occupational Employment Statistics Query System (www.bls.gov) for May, 2014. KP school status report.pdf Industry Oil and Gas Extraction Retail Annual median wage ($) Annual median wage ($) Occupation Chief Executives 187,199 180,360 Human Resources Managers 118,730 95,020 Accountants and Auditors 71,780 64,920 File Clerks 30,700 23,430 Questions: 11-8. By what percent does annual median pay differ between the oil and gas extraction industry and the retail trade industry for (a) chief executives, (b) human resources managers, (c) accountants and auditors, and (d) file clerks? 11-9. In the oil and gas extraction industry relative to the retail trade industry, what are the pay ratios between (a) chief executives, (b) human resources managers, (c) accountants and auditors, and (d) file clerks, respectively? 11-10. In the oil and gas extraction industry, what are the pay ratios for the chief executives job to (a) human resources managers, (b) accountants and auditors, and (c) file clerks? In the retail trade industry, what is the ratio of pay for chief executives to (d) human resources managers, (e) accountants and auditors, and (f) file clerks, respectively?

Answer rating: 100% (QA)

118 a Annual senior management fee for oil and gas 187199 Annual general manager fees for vendors 18... View the full answer