Formulas
Salary Survey provides data and system applies formulas on them aiming at obtaining values for many salary lines from floor 9th Decile to ceiling 1st Decile). Description of formulas:
Sf = Frequency (Number of employees with determined salary)
Xi = Salary (Employee Salary)
Sf |
Xi |
XiSf |
Xi2Fi |
1 2 1 |
1,000.00 1,100.00 1,200.00 |
1,000.00 2,200.00 1,200.00 |
1,000,000.00 2,420,000.00 1,440,000.00 |
4 |
3,300.00 |
4,400.00 |
4,860,000.00 |
Average:
Average is value that is located in central of data. Average means balance. In Position and Salary module, average is calculated as follows:
Where:
A = Average
Xi = Salary
Sf = Frequency
N = Number of elements of sample
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