In many cases, this coverage is required. Childcare centers and nursery schools are required to carry daycare liability insurance in order to be licensed by the Department of Health and Human Services (DHHS), and most states require this licensure in order for the businesses to legally operate.
Jupiterimages/Photos.com/Getty Images. The expression salary requirement is most often used by an employer in soliciting applicants for a job opening. A request for salary requirements as part of the posting asks applicants to submit their desired salary should they get the job.
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.