Example of the Application of Compensable Factors

 

A Sr. Archivist position has been mapped to a Library Associate II classification.  The incumbent has a bachelors degree and 17 years of experience.

 

The bachelors degree is represented by educational level 3.

 

Education Level (1-7)

Degree

1

HS

2

AA/AS

3

BA/BS

4

Masters

5

MLS

6

MLS and Addtnl Masters

7

PhD

 

Educational Level 3 has a Compensable Factor Modifier of 1.0.

 

Modifier

Education

0.85

 

0.9

1

0.95

2

1

3

1.05

4

1.1

5

1.15

6-7

 

17 years of experience relates to a Modifier of 1.1.

 

Modifier

Experience (Yrs)

0.85

0-2

0.9

3-5

0.95

6-8

1

9-11

1.05

12-15

1.1

16-20

1.15

21+

The target average for the Library Associate II classification is $35,450.21.

 

 

Annual Salary

Annual Salary

Annual Salary

Classification

Minimum

Average

Maximum

Library Assistant I

$20,581.02

$24,212.97

$27,844.92

Library Assistant II

$22,639.13

$26,634.27

$30,629.41

Library Assistant III

$24,903.04

$29,297.69

$33,692.35

Library Associate I

$27,393.34

$32,227.46

$37,061.58

Library Associate II

$30,132.68

$35,450.21

$40,767.74

Library Associate III

$33,145.95

$38,995.23

$44,844.51

 

 

The average of the Education and Experience Modifiers (1.0 and 1.1) is 1.05.  This is applied to the average for the classification and the result is a target salary of $37,222.75 for this employee.

Formulaic representation of the calculation described above:  ((1.0+1.10)/2)*$35,450.21=$37,222.72