Overview : Compensation professionals use "descriptive statistics" to convey the characteristics of data used in the development and management of pay programs.
In this webinar, David J. Wudyka will describe a series of statistical concepts used by Compensation practitioners. The concepts to be covered include ideas such as pay structure development; "control points" in pay ranges, including minimums, midpoints and maximums; weighted and unweighted averages; means, medians and modes; weighted and unweighted averages; regression and correlation analysis; standard deviations and data ranges; compa-ratios, and independent and dependent variables. All of these concepts will be explained in the context of their application in pay programs, including building a pay structure (i.e. sets of pay ranges), analyzing pay survey data, predicting base pay rates from one or more independent variables, making associations in pay data between independent and dependent variables, and using compa-ratios in merit pay programs and their budgeting.
Why should you attend: Participants in this program will be able to:
Who Will Benefit:
Registration link: http://bit.ly/ZzLBYV