00:01
Hello students, here is a question.
00:01
The hiring manager for an opening position come to you because he made 3 offers for the candidate but everyone has to be declined.
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The salary range for the open position is in line with the department staff salary range.
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He is wondering if staff pay rate of offered comparative without the market.
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The determined that compo ratio of the position is 0 .75.
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How can you explain what that means to hiring manager? so, we have 6 option given here.
00:30
We have to choose the right option for this.
00:31
The option a says that the state the starting pay rate is 25 below the industry range.
00:37
Option b says that starting pay rate is 75 below the industry average and third is starting pay rate is 25 % above the industry average.
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Fourth is straight starting pay rate is 75 % above the industry average.
00:50
Fifth is 75 % employees in organization are paid in industry average and sixth is 25 % of employee in your organization as paid by industry average.
01:01
So, the answer for part a will be correct option is a.
01:18
So, it defines that company is paying less compared to industry average by differences.
01:24
That is in the given case compo ratio is 0 .75 that defines that company is paying 25 % lesser than the industry is paying less than 25 % of industrial standard.
01:53
So, now we will move on to the part b.
01:56
So, there are two questions in this...