Barbara is the head of HR for Pfizer and she has employees in St. Louis, MO and New York City, NY. The salaries in St.
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Barbara is the head of HR for Pfizer and she has employees in St. Louis, MO and New York City, NY. The salaries in St. Louis, MO are at 90% of the National Average, and salaries in NYC are at 167% of the National Average. She has 20 employees moving from St Louis to the NYC office and needs to adjust their salaries for the cost of living appropriately.
1) How much will they have to adjust St. Louis wages to meet NYC rate standards (the adjustment ratio)?
2) The following table indicates the minimum, median, and high salaries for entry-level managers in St. Louis. Calculatethe adjusted minimum, median, high salaries for the same position in NYC.
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