HRM3705
Assignment 3 Semester 2 2026
Unique number:
Due date: 14 September 2026
QUESTION 1
1.1 Mean and median annual salary
Mean = Total of all salaries ÷ Number of salaries
= R502 000 + R525 000 + R550 000 + R650 000 + R750 000 + R800 000
= R3 777 000 ÷ 6
= R629 500
Median = Average of the two middle salaries
= R550 000 + R650 000
= R1 200 000 ÷ 2
, QUESTION 1
1.1 Mean and median annual salary
Mean = Total of all salaries ÷ Number of salaries
= R502 000 + R525 000 + R550 000 + R650 000 + R750 000 + R800 000
= R3 777 000 ÷ 6
= R629 500
Median = Average of the two middle salaries
= R550 000 + R650 000
= R1 200 000 ÷ 2
= R600 000
The mean salary is R629 500, which gives the average pay level across the six
organisations. The median is R600 000, which shows the middle point of the market
after the salaries are arranged from the lowest to the highest. The mean is slightly
higher than the median because the two high salaries of R750 000 and R800 000
pull the average upwards. For Nala Bank, the median is useful because it gives a
clear picture of the centre of the market without being affected as strongly by the
highest figures (HRM3705 Study guide 2021:105).
1.2 Third quartile and market positioning
Q3 position = Number of salaries × 75%
= 6 × 75%
= 4.5, rounded up to the 5th salary
Q3 = R750 000
The third quartile salary is R750 000. This means that about three quarters of the
salaries in the survey are at or below this level, while the upper part of the market
Assignment 3 Semester 2 2026
Unique number:
Due date: 14 September 2026
QUESTION 1
1.1 Mean and median annual salary
Mean = Total of all salaries ÷ Number of salaries
= R502 000 + R525 000 + R550 000 + R650 000 + R750 000 + R800 000
= R3 777 000 ÷ 6
= R629 500
Median = Average of the two middle salaries
= R550 000 + R650 000
= R1 200 000 ÷ 2
, QUESTION 1
1.1 Mean and median annual salary
Mean = Total of all salaries ÷ Number of salaries
= R502 000 + R525 000 + R550 000 + R650 000 + R750 000 + R800 000
= R3 777 000 ÷ 6
= R629 500
Median = Average of the two middle salaries
= R550 000 + R650 000
= R1 200 000 ÷ 2
= R600 000
The mean salary is R629 500, which gives the average pay level across the six
organisations. The median is R600 000, which shows the middle point of the market
after the salaries are arranged from the lowest to the highest. The mean is slightly
higher than the median because the two high salaries of R750 000 and R800 000
pull the average upwards. For Nala Bank, the median is useful because it gives a
clear picture of the centre of the market without being affected as strongly by the
highest figures (HRM3705 Study guide 2021:105).
1.2 Third quartile and market positioning
Q3 position = Number of salaries × 75%
= 6 × 75%
= 4.5, rounded up to the 5th salary
Q3 = R750 000
The third quartile salary is R750 000. This means that about three quarters of the
salaries in the survey are at or below this level, while the upper part of the market
