1. ## pay rate scaling

A performance based company pays its best employee top pay. (M=$15.00/hr) And it's worst employee the lowest rate. (m=$6.00/hr) The company is shooting for an average pay rate each week. (A = $8.50/hr) The number of employees can change week to week, we'll assume 10 for this week. (E=10) how do you figure how much to give second place and third and so on down to 10th place. 1.$15.00/hr
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10. $6.00/hr i think variance is the key but all the examples i see ask for the data set first. also i don't know how to adjust for the$8.50/hr average.

thanks

2. i was beginning to wonder if i have posted this in the right category/math level. if not could an admin please move it to the appropriate place please.

i'm really looking forward to seeing a solution for this problem and perhaps a formula to use in a spreadsheet.

thanks

3. Originally Posted by KyJelly
i was beginning to wonder if i have posted this in the right category/math level. if not could an admin please move it to the appropriate place please.

i'm really looking forward to seeing a solution for this problem and perhaps a formula to use in a spreadsheet.

thanks
There is no unique solution, it all depends on how great a pay differential you want to achieve.

RonL

4. i'm not sure but i do know that i want it to decrease. so say $1.50 between 1st and 2nd then$1.00 between 2nd and 3rd. then $.075 for the next. but the average pay must equal whatever it's set to, say$8.50.hr.

sorry about the useless post btw.