The Compensation Baseline
Kestrel Labs has been invited into an industry pay survey, and the compensation team has to answer the survey's opening question before any of the interesting ones: what does the average person here earn? The survey wants a single figure covering the whole company, not a breakdown, and it wants it to the cent so that companies of different sizes can be lined up against each other.
employees — one row per person. department_id is the team they sit on, given as the matching id in departments; salary is annual pay in dollars; hire_date is the day they started, written year-month-day; manager_id is the id of the person they report to, and is NULL for anyone who reports to nobody.
| id | name | department_id | salary | hire_date | manager_id |
|---|---|---|---|---|---|
| 1 | Ava Chen | 1 | 145000 | 2021-03-14 | NULL |
| 2 | Ben Ortiz | 1 | 118000 | 2022-06-01 | 1 |
| 3 | Cara Novak | 1 | 121000 | 2023-01-10 | 1 |
| 4 | Deshawn Lee | 2 | 95000 | 2020-09-23 | NULL |
| 5 | Elin Kask | 2 | 88000 | 2022-11-05 | 4 |
| 6 | Farid Amiri | 3 | 76000 | 2023-04-18 | NULL |
| 7 | Grace Kim | 4 | 132000 | 2021-07-30 | NULL |
| 8 | Hugo Silva | 4 | 110000 | 2023-02-14 | 7 |
| 9 | Ines Duarte | 4 | 104000 | 2023-08-01 | 7 |
| 10 | Jonas Weber | 2 | 91000 | 2021-12-19 | 4 |
The table already exists in the database — there is nothing to create or load.
Task: Write a query returning one row with a single column, avg_salary, holding the mean of every employee's salary, rounded to two decimal places. Round the finished average — not each salary on the way in.
Example output — the shape, on an invented figure. An average that does not land on a round number keeps its cents:
| avg_salary |
|---|
| 74250.5 |
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