For Pay Line One, indicate the labels and values on the Y-axis and X-axis. What are the values of the y-intercept and the slope of the regression line?

For Pay Line Two, using the values in the Job Evaluation System Table below, indicate the labels and values on the Y-axis and the X-axis.

Discuss what is meant by job matching. Use the following criteria for job matches: Benchmark Jobs 1, 2 and 3 must match at 80%; Benchmark Jobs 4 and 5 must match at 70%. Eliminate data that does not meet the criteria. Indicate what data has been eliminated.

Describe “aging the data” and then age the remaining data. Use an annual inflation rate of 1.8%. Present the aged job rates.

Average the data for each benchmark job using the weighted mean. Show your work and show the weighted mean for each benchmark job.
For the Market Line, indicate the labels and values on the Y -axis and the labels and values on the X-axis.

For Pay Line One, indicate the labels and values on the Y-axis and X-axis. What are the values of the y-intercept and the slope of the regression line?

For Pay Line Two, using the values in the Job Evaluation System Table below, indicate the labels and values on the Y-axis and the X-axis.
Using the “regression equation” and data from the Pay Line Two, calculate the Job Rate for each of the five pay grades.

Create the Wage Schedule for the Job Family clearly indicating five specific wage ranges and overlaps. You determine the spread within each Pay Grade.

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