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Percentile in layman's language

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  • 19-11-2018 9:24pm
    #1
    Calahonda52
    Registered Users Posts: 12,193 ✭✭✭✭


    Quote: "All executives are paid in the 25th-50th percentile of the compensation range for executives in comparably sized companies"

    What does this mean in layman's terms?
    Thanks as always

    “I can’t pay my staff or mortgage with instagram likes”.



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    #2
    Victor
    Registered Users Posts: 78,243 ✭✭✭✭Victor


    The 25th percentile salary means that 25% of executives in comparably sized companies have a salary below this number. It is expressed as a €/$/£ amount, not a %.

    The 50th percentile salary means that 50% of executives in comparably sized companies have a salary below this number, and so on.

    A €40,000
    B €43,000
    C €44,000
    D €50,000
    E €52,000
    F €60,000
    G €75,000
    H €83,000
    I €100,000
    J €1,000,000
    Total €1,547,000
    Average €154,700

    So, in this particular group, the 25th percentile salary is €43,000 and the 50th percentile salary is €52,000. If you do a similar calculation with your business / company size, you can see the equivalent numbers.

    As executive J earns way may than anyone else and skews the average, they are completely unrepresentative. You can see that J has no effect on the 25th and 50th percentile salaries - this means things like the 50th percentile is more representative of what most people earn.


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