In this case, the midpoint of our rage is $135,500. To find the minimum, divide the market rate by 1.00 + Â½ of the range spread. To find the maximum, multiply the minimum times 1 plus the range spread. This creates a salary range that has a minimum of $108,000, a mid-point of $135,500, and a maximum of $162,000. This simple formula can be used to establish a salary range for any job based on the mid-point of available salary market data.
1. elated-exultantly proud and joyful; in high spirits; the elated winner; felt elated and excited. euphoric-exaggerated feeling of well-being or elation. happy-enjoying or showing or marked by joy or pleasure; a happy smile; spent many happy days on the beach; a happy marriage.
elated adjective. âº âextremely âhappy and âexcited, often because something has âhappened or been âachieved: He was elated by the ânews that he had âwon a âfull âscholarship. (Definition of elated from the Cambridge Academic Content Dictionary Â© Cambridge University Press).