Compensation Planning Tips: What is the Median?

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Compensation Planning Tips: What is the Median?

When it comes to compensation planning, one of the most important figures to have on hand is undoubtedly the median or 50th percentile. However, depending on your overall compensation philosophy, you may also want to gather other percentiles along the way, such as the 25th and 75th percentiles.

Of course most compensation surveys don’t stop there, don’t forget weighted averages and employer averages, and of course every demographic breakout you could imagine. But for purposes of this article let’s stay focused on those percentiles. What exactly do they tell us and how should they be used? To help give some context, here are a few quick tips that should help you make sense out of all those numbers.
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