Note that the OP is referring to a "60th percentile" rule, not "60%" rule. Results in a much different number within a given market. I was confused initially, a

Note that the OP is referring to a "60th percentile" rule, not "60%" rule. Results in a much different number within a given market. I was confused initially, as "60% of market rate" salary would be very much on the exploitive side of things :)