Using Statistics in Compensation
Training
Online
*Indicative price
Original amount in USD:
$ 145
Description
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Type
Training
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Level
Intermediate
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Methodology
Online
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Class hours
1h
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Duration
1 Day
This webinar will explain the statistics behind pay program design and administration like how to create and analyze pay range widths and understanding the statistics of pay structure design
About this course
How to create and analyze pay range widths ("spreads")
Why "weighted averages" are more widely used than "medians"
Defining "means", "medians" and "modes" (and how to use them)
How to understand the statistics of pay structure design
Understanding the difference between regression and correlation analysis, and how to apply them effectively in pay program analysis
How "percentiles" differ from "percents", and how to calculate them
How to calculate rate range minimums and maximums from estimated midpoints
Calculating the "penetration" of pay rates in pay ranges
The Compa-ratio: what it is, how to calculate it and how to used it
Why pay ranges are divided into "quartiles"
The difference between "linear regression" and "multiple regression"
How to estimate the number of grade levels between two new pay structure midpoints
What are "measures of central tendency" and why are they important for analysis?
Compensation Analysts
Human Resource Managers
Human Resource Generalists
Financial Managers
Human Resource Managers who are New to the Compensation Function
Reviews
Subjects
- Statistics
- Design
- Compensation
- HR Practices
- Employment Law
- Competition Law
- Employee Tax
- HR organisational development
- Webinars
- Online education
Teachers and trainers (1)
David J Wudyka
Managing Principal of Westminster Associates of Wrentham
Course programme
The TrainHR webinar is approved by HRCI and SHRM Recertification Provider.
Overview:
This webinar will address the statistics behind pay program design and administration, from the design of pay structures through the analysis of pay survey data.
Using Statistics in Compensation
*Indicative price
Original amount in USD:
$ 145