Range_Method is a mandatory fixed lexicon field which identifies the method that will be used to calculate the range.Two methods are supported:
- By Fixed Value: this is used when the range will be hard coded with flat dollar amounts. i.e. $40,000 minimum, $45,000 midpoint, $50,000 maximum.
- By Formula: this is used when the range for the job will be calculated based on a certain dollar amount per “point” above a base salary. The value of the base salary, plus the dollar value of the points evaluated by job, becomes the midpoint of the range. Maximum and minimum amounts for the range are based on a percentage of this midpoint.
X_RANGE_METHOD is a fixed lexicon with the following values:
| Saved Value | Displayed Value | |
|---|---|---|
| 01 | By Fixed Value | Used when the range will be hard coded with flat dollar amounts. i.e. $40,000 minimum, $45,000 midpoint, $50,000 maximum. |
| 02 | By Formula | Used when the range for the job will be calculated based on a certain dollar amount per “point” above a base salary. The value of the base salary, plus the dollar value of the points evaluated by job, becomes the midpoint of the range. Maximum and minimum amounts for the range are based on a percentage of this midpoint. |
