Using Statistics in Compensation 2014

Key Topics

• "weighted averages" and "medians"
• Creation and analysis of pay range widths ("spreads")
• The statistics of pay structure design
• "medians", "means" and "modes"
• "percentiles" and "percents"
• Regression and correlation analysis, and their application in pay program analysis
• Calculating the "penetration" of pay rates in pay ranges
• Calculation of rate range minimums and maximums from estimated midpoints
• Why pay ranges are divided into "quartiles"
• The Compa-ratio: what it is, how to calculate it and how to used it
• Estimation of the number of grade levels between two new pay structure midpoints
• "linear regression" and "multiple regression"
• "measures of central tendency" and their importance for analysis

Who should Attend

Human Resource Managers, Compensation Analysts, Financial Managers, Human Resource Generalists and Human Resource Managers who are new to the Compensation function.