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QUESTION
As the Compensation Manager for a company, you are evaluating the company's pay raise policies. You have gathered the following data about the...
As the Compensation Manager for a company, you are evaluating the company's pay raise policies. You have gathered the following data about the consumer price index (CPI) for your metropolitan area:
Base Year: 1984 = 100.00
2014 = 138.70
2015 = 141.20
The average clerical wages in your company (that is, the average salary of all the clerical employees working in your firm in that particular metropolitan location) are as follows:
