Compensation Glossary

# A B C D E F G H I J K L M N O P Q R S T U V W - Z

Weighted Average

The average of the total population or number of incumbents reported. For each job, it is computed by multiplying each company's average salary by their number of incumbents, adding these values, and dividing by the total number of incumbents for each job.

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19 - Quantitative Methods Used in Salary Administration
4
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Weekly Indemnity Plan

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Weighted Mean

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