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Assuming that Rainbow Life wanted to pay their accounting staff, on average, at the 70 th percentile of the average salaries paid by their competition

Assuming that Rainbow Life wanted to pay their accounting staff, on average, at the 70th percentile of the average salaries paid by their competition in the Toronto marketplace, how would you go about doing that?

The following table contains the current salary of the members of the accounting department of Rainbow Life.

Employee Number

Job Level

Job Evaluation

Points

Annual

Salary (C$)

1

Accountant I

370

80,000

2

Accountant I

370

80,000

3

Accountant I

370

81,000

4

Accountant I

370

81,500

5

Accountant I

370

85,000

6

Accountant I

370

90,000

7

Accountant I

370

91,000

8

Accountant I

370

92,000

9

Accountant I

370

93,000

10

Accountant I

370

95,000

11

Accountant I

370

95,500

12

Accountant II

570

90,000

13

Accountant II

570

94,000

14

Accountant II

570

95,000

15

Accountant II

570

96,000

16

Accountant II

570

100,000

17

Accountant II

570

101,000

18

Accountant II

570

105,000

19

Accountant II

570

107,000

20

Accountant II

570

107,000

21

Accountant II

570

108,000

22

Accountant II

570

109,000

23

Accountant III

710

105,000

24

Accountant III

710

109,000

25

Accountant III

710

109,000

26

Accountant III

710

110,000

27

Accountant III

710

110,000

28

Accountant III

710

110,500

29

Accountant III

710

112,000

30

Accountant III

710

115,000

31

Accounting Manager

895

120,000

32

Accounting Manager

895

127,500

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