Assignment 5: Answer Format
Assignment 5 Answer Format
1. Fill in the below table (Table 1).
Table 1. Average Annual Pay of Restaurant Managers in the Three Restaurants
Job
TGI Fridays
Outback Steakhouse
Red Lobster
Average
Range
Average
Range
Average
Range
Restaurant Manager
2. Fill in the below table (Table 2).
Table 2. Average Annual Pay of Food Service Managers in the Killeen-Temple, TX Area
Area: Killeen-Temple, TX
Occupation (SOC Code)
Annual
mean wage
Annual
10th percentile wage
Annual
25th percentile wage
Annual median wage
Annual
75th percentile wage
Annual
90th percentile wage
Food Service Managers (119051)
3. Answer the following question.
Based on the numbers that you have filled in on the above two tables, and considering that you want to pay less than what the three competitors are paying at the national level but higher than the 25th percentile wage in the Killeen area, what would be the appropriate pay level (or range) for your Restaurant Managers? Why?