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.
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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
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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
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|Licenses / Designations / Educational Credits:||PHR / SPHR Re-Certification Credits|
All US States: 1.5
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|Keywords For This Course:|
compensation, performance management, analytics, statistics, pay, salary
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