Please fill in each blank square on the chart .

1. Incumbent weighted means of base pay should be calculated for each benchmark job from the survey data. Incumbent weighted means, as compared to organization weighted mean (i.e. simple means), are calculated to better represent the market data. Incumbent weighted median can better represent the market data if it is available. Since the median data are not available in this case, we will focus on averages here.

   Organization weighted mean would be calculated by adding up the average base pay rates and dividing by the number of organizations; but small and large companies would both be given the same weight if using organization weighted mean.

   Incumbent weighted mean gives equal weight to each job incumbents wage and thus is more representative of the data. For example:

   	Average	# of employees
   Co. A	$30,000	2
   Co. B	$15,000	10

   The organization weighted mean (i.e. simple mean) salary is $22,500. (30000 + 15000) / 2 = 22500

   But the incumbent weighted mean salary is $17,500. (2/12 * 30000) + (10/12 * 15000) = 17500

   If we examine the raw data (i.e., the number of employees making various salaries), we can see that the weighted mean is more representative of the data presented.

2. 

Benchmark Jobs Front Desk Receptionist Administrative Assistant Operations Analyst Payroll Assistant Benefits Manager Number of Organizations 6 Number of Observations 9 Organization Weighted Mean 19667 Incumbent Weighted Mean Minimum 19944 17500 Maximum 23000