Median Wage

What is Median Wage?


‘Median Wage’ refers to the wage that lies right in the middle of a data set in which all the wages are arranged in ascending order. In cases where the data is a set of even numbers of wages, the average of the middle two salaries is considered the median wage.


It is generally considered to be a better estimation of wages than ‘mean wage’, which simply calculates the average of the set of wages. It is a good practice to understand the media wage for any job before applying for the same.


Similarly, finding the median wage will also help in negotiating the salary for a candidate securing a new position. It will also allow the candidate to understand whether the salary package being offered is fair.

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What are Management Styles?   ‘Management Styles’ refer to the way the managers handle and manage the employees working under them by showcasing their leadership

Unreported Employment

What is Unreported Employment ?    ‘Unreported Employment’ refers to a kind of employment that the state and the government doesn’t know about. It is


What is Overtime?   Overtime refers to the hours worked by an employee that exceeds their regular work schedule. Most employees have fixed hours in

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