Question

GronLan Inc., a company with a majority of workers with high seniority, decides to hire 1,000 college graduates to meet the sudden productivity requirements generated by a growth in the market. Which of the following statements is most likely to be happen in this situation?
A. The compa-ratio of the company will become greater than one.
B. The average pay actually paid by the company will fall below its range midpoint.
C. The salary range midpoint of the company will become lesser than the compa-ratio.
D. The number of employees being paid red circle rates will increase.

Answer 1

Answer:

The correct answer is b. The average pay actually paid by the company will fall below its range midpoint.

Explanation:

The average salary is the average amount of money the worker receives in a given country or region over a period of time.

When we talk about the average salary, we are making an estimate of what a worker earns monetarily, on average. It usually refers to a specific country, although it is also possible to calculate it for any territory. For example a town, a city or a region.

In addition, the average salary refers to a certain period. The most common periods are annual or monthly. That is, the average annual salary or the average monthly salary.

Being an average, does not mean that all workers charge that. Thus, although it is a simple calculation we must know different details to interpret it correctly.