Question: Describe aging the data and then age the remaining data. Use an annual inflation rate of 1.8%. The effective date of your new wage schedule

  1. Describe "aging the data" and then age the remaining data. Use an annual inflation rate of 1.8%. The effective date of your new wage schedule will be January 1, 2022. Present the aged job rates.Compensation Project Two

For this project, you are required to answer the following questions. Some questions require a description of the process. Other questions require that you show calculations and answers. Some questions require graphs and tables.

  1. describe "aging the data" and then age the remaining data. Use an annual inflation rate of 1.8%. The effective date of your new wage schedule will be January 1, 2022. Present the aged job rates.

Job Evaluation System Table

Pay Grade

Job Evaluation

Point Spread

Actual Job Evaluation Points of Benchmark Jobs Median Job Evaluation Points of each Pay Grade
5 800-1000 860 900
4 601-799 740 700
3 450-600 530 550
2 301-449 400 375
1 190-300 290 245

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