range utilization

range utilization
"A measure that shows how much of a pay range a given employee has utilized and which is used to determine the potential for additional increases within the range. Range utilization is calculated as follows: (Fixed Pay Rate – Range Minimum) / (Range Maximum – Range Minimum). If fixed pay rate equals the range maximum, then the range utilization equals 100%, pay at midpoint equals 50%, and pay at minimum equals 0%."
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English-Arabic terms dictionary. 2015.

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