Compensation experts work hard to ensure pay equity, but most, if not all, compensation studies are only 50% complete. How can this be? Broadly, there are two major forms of compensation analysis: (1) external (benchmarking) and (2) internal (statistical pay equity). The vast majority of compensation experts do not understand the important relationship shared between these two forms of compensation analysis. Moreover, they do not know that employers must have both external and internal pay equity.

This presentation will explain the two forms of compensation analysis and provide focused training on internal (statistical) pay equity methods. Specifically, this presentation will explain basic statistical methods applied in internal pay equity studies, along with a live demonstration. Importantly, this presentation will explain how external and internal compensation studies rely on each other to provide employers with true 100% comprehensive pay equity outcomes. This topic is critical for employers to ensure their compensation system is truly balanced and equitable.What You'll Learn:Two Types of Compensation Analysis

• External Pay Equity-Benchmark Study
  
• Internal Pay Equity-Statistical Pay Equity Study
  
• Compare Contrast-Reveal the Missing 50%

Statistical Pay Equity Study-Primer

• t-Test
  
• Multiple Linear Regression
  
• Cohort Analysis

Live Statistical Pay Equity Analysis Demonstration

• Discuss Basic Data Requirements
  
• Statistical Analysis in Excel
  
• Interpretingresults

100% Complete Compensation Analysis

• External + Internal Compensation Studies = 100%