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Average pay. Median pay. Base pay. Its all garbage! It's all dangerously misleading if not intrepreted carefully. What is important and often underappreciated are your benefits and value of future pay raises in your contract. For years our school board relied on these stats to make important compensation negotiation decisions. teachersalarydata.com has provided us with meaningful data comparsions to other districts.
Why is median better than mean for a typical salary?
In a previous post, I commented that PayScale's Salary Survey preferentially reports typical salaries based on the median instead of the arithmetic mean (average). Why is the median better than the mean for measuring "typical" values? The best way to understand what is wrong with the mean is to ...
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