1. Describe "aging the data" and then age the remaining data. Use an annual inflation rate of 1.8%. The effective date of your new wage schedule will be January 1, 2022. Present the aged job rates.Compensation Project Two

For this project, you are required to answer the following questions. Some questions require a description of the process. Other questions require that you show calculations and answers. Some questions require graphs and tables.

1. describe "aging the data" and then age the remaining data. Use an annual inflation rate of 1.8%. The effective date of your new wage schedule will be January 1, 2022. Present the aged job rates.

Job Evaluation System Table Pay Grade	Job Evaluation Point Spread	Actual Job Evaluation Points of Benchmark Jobs	Median Job Evaluation Points of each Pay Grade
5	800-1000	860	900
4	601-799	740	700
3	450-600	530	550
2	301-449	400	375
1	190-300	290	245