Divide the employees base pay by the number of hours worked to get the weighted average. To calculate the weighted average youll need to first group the employees by their reason for leaving the company and then count the number of employees in each group. In the example 400 plus 410 equals 810.
To determine the weight of each number consider its importance to you or the.
In the example 400 plus 410 equals 810. How to calculate weighted average when the weights dont add up to one 1. Find the weighted average pay rate. By Kumar Rajan and Zingales NBER Working Paper No.