Compensation Math For HR Generalists: How To Ace Key Principles For Employee Pay Planning Success
|Date / Time:
Yes, we know, You were told there would be no math. It may be a big part of why you went into the HR profession in the first place!
But managing your organization’s compensation program requires a solid understanding of the metrics used to plan and budget. Mastering this skill can help you bring your organization to a new level, and garner the attention (and respect) of the C-suite.
If you find yourself intimidated by terms like “compa-ratio,” “range penetration,” “interquartile range,” we’re here to help.
Join us for an accessible yet informative training session no HR generalist should be without. Our speaker, a skilled compensation consultant, will give you an instructive overview of the math and statistics commonly used in compensation analysis, so you can understand, and effectively advise on, your organization’s compensation program.
About Your Presenter
- The basics, the math used to measure, track, and forecast compensation
- How math makes compensation data your friend
- Compa-ratio, What it is, why it matters, and how to calculate it
- The relationship between salary range penetration and compa-ratio
- Other key compensation metrics every HR professional should be familiar with, range penetration, market index, measures of range variability, interquartile range, and standard deviations
- Correlation analysis: The answer to the question, “what is the key compensation measure?”
- The difference between “regression analysis” and “correlation analysis”, and the purpose of each
- How to set pay range and midpoint spreads
- Data analysis techniques gaining prominence in the compensation field
David Wudkya, MBA, BSIE
Managing Principal and Founder
David Wudyka, MBA, BSIE, manages and oversees all company operations, including the design, development and implementation of all client HR programs. His specialties include the design of compensation systems, human resource analytics, HR audits of HR operations, employee retention strategies, and group incentive plans. When Mr. Wudyka is not consulting he is an Instructor at UMass Boston in various business topics and courses, a long-time Instructor in the SHRM Certification Program for Human Resource Professionals, and an SAT Test Tutor at 4.0 Educational Services in Millis, Massachusetts.
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This presentation is also available in a recorded format, in On-Demand version, as shown in the pricing options below.
|About Webcasts / Audio Conferences / Podcasts:|
Webcasts, audio conferences, and podcasts are presentations that you
attend via the Internet, phone, or mobile device at a specified date and time for "live" versions, or at your convenience for "recorded" and "On-Demand" versions.
versions are interactive, meaning that participants can ask questions in real time, plus are a very cost-effective form of training because 1) you receive fast, convenient learning without
any out-of-office time; 2) you can invite as many colleagues as you'd like to listen in on a single phone line; 3) you incur no travel expenses; and 4) you and your colleagues are back
at work immediately after the session ends!
And though with recorded versions you do lose the ability to ask questions, you gain the ability to hear the presentation numerous
times and to share it with others in your office.
Handout materials and the phone number for live presentations are made available to you prior to the event via email from the
presenter and from the "MyAccount" link on the menu bar. Copies of the presentations are included with recorded versions.
|Licenses / Designations / Educational Credits:||PHR / SPHR Re-Certification Credits|
All US States: 1.5
|About The Provider:
||BLR® is the leader in helping organizations, and their employees, reduce safety, environmental and employment compliance-related legal exposure, stay on the right side of law, and achieve their full potential. We offer best-in-class compliance product and services that includes news, information & analysis, best practice guidance, employee training and turn-key tools delivered in a wide range of formats from online applications, live events and websites to books, CD's, Video, Posters and newsletters geared to all sized organizations and industries.
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|Keywords For This Course:|
compensation, performance management, analytics, statistics, pay, salary
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