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Rates from case 2 to complete the column.
Job evaluation points were used as X data; survey rates were used as Y data. A regression analysis to
Determine a market pay line, or "pay policy line" (PPL) is also provided through the attached Excel document.
This PPL is a mathematical way to translate our points into dollars, based on the external labor market.
Using the pay policy line equation provides calculated grade midpoints (in dollars). Calculated
midpoints for each grade are provided as well by using the established middle point of each point range in the PPL
equation, by substituting this value for X...
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