Quantitative Principles in Compensation Management
Master HR Statistics with Excel
This course focuses on general quantitative concepts, basic statistical tools, the mathematics of compensation design and administration, mathematical modeling and regression analysis. This course will demonstrate how to apply these concepts utilizing Excel so all participants must have access to Excel while completing the course. Participants will learn to consider data from numerous sources with an emphasis on problem solving and decision making.
Learn basic quantitative concepts and the four levels of measurement
Learn how to define and compare percents, market index and compa-ratios
Study the time value of money - including compound interest and the compound salary growth rate
Learn how to collect, analyze and accurately display statistical data
Learn how to determine central tendency and measures of central location
Discuss measures of variability
Explore shapes of distributions
Gain an understanding of modeling and regression analysis
Experience a new way to learn! With 24/7 online access, Blended Learningprovides you with the flexibility and convenience of e-learning AND interaction with colleagues and subject matter experts as you'd experience in a traditional classroom. How much study time should I plan for?
Schedule your exam through Pearson VUE. Exam expires 120-days from first day of class. Access to the e-learning product lasts for the specified amount of time (30, 60 or 120 days). Your e-learning product begins the day you purchase it, not the day you start it. Be sure to print any class materials prior to product expiration, as your access will not be available after that date.
Self-study Course materials with exam option. No instructor or subject matter expert.
Statistics – Data, Information and Levels of Measurement
Why compensation professionals collect and use data
Five key questions to ask about the variable of interest
Levels of measurement
Percents and Related Issues
Developing salary ranges
Percents in compensation management
Time Value of Money
Time value of money
Present and future value
Compound interest and compound salary growth rate
Constant midpoint progression
Statistics – Collecting, Organizing, Grouping and Displaying Data
Populations and samples
Organize, group and display data
Statistics – Lying with Statistics, Graphs and Displays
Recognizing distorted data
Avoiding mistakes that distort data
Statistics – Measures of Central Tendency and/or Location
Measures of central tendency
Measures of location
Measures of Variability
Measures of variability
2-sigma and 3-sigma rules
Statistics – Shapes of Distributions
Regression models in a compensation environment
Developing a regression model
Cautions in the interpretation of correlations
Who Should Register
This course is intended for those individuals who are pursuing CCP or GRP. It is also applicable for practitioners who are seeking a basic treatment for applying statistics in compensation management and who have responsibility for designing compensation programs.
Participants will have to have access to Excel while taking this course. All demonstrations will be done in Excel 2007.
WorldatWork Society of Certificed Professionals, an affiliate of WorldatWork, administers the exams required for attaining the prestigious Certified Compensation Professional® (CCP®), Global Remuneration Professional® (GRP), Advanced Compensation Professional (ACCP)™, Master Certified Compensation Professional (MCCP)™, Certified Executive Compensation Professional (CECP)®, Certified Sales Compensaiton Professional (CSCP)®, Certified Benefits Professional® (CBP) and Work-Life Certified Professional® (WLCP) designations. The Society is a separate not-for-profit legal entitity with its own Board of Directors appointed by the Worldatwork Board of Directors and was formed to provide a focus on certification. Certification exams are administered and designations are issued by the Society; all educational courses/self study are administered by WorldatWork.
Please note: If you are purchasing an exam option, you must schedule and complete the computer-based exam within 120 days from the first day of a live instructor-led class or from date of purchase for all self-paced learning packages. Your eligibility expires after 120 days; however, 30-day exam extensions are available for a $165 USD fee when purchased before the original access expires. It is recommended that you complete your exam in a timely manner as exams may be updated without notification. Instructions for scheduling your computer-based exam will be provided at purchase. Learn more at www.worldatwork.org/cbt. Self-study materials and all e-learning product purchases are nonreturnable.
WorldatWork classroom locations offer e-course materials technology to participants. Your certification course materials (and BAII calculator, if applicable) will be available for pick up on site the day of the course. For two-day courses, you may access the e-course materials PDF two weeks prior to the course start date or upon registration if you register within two weeks of the course.
E-learning course purchasers now have the option of print or e-course materials. Those who choose the e-course materials option will receive the materials electronically for the length of your e-learning program. Those who choose the print version of the course materials will receive it 5-7 days after date of purchase. 30-day extensions of e-learning access are available for a fee if purchased before original access expires.
Access to the e-learning product lasts for the specified amount of time (30, 60 or 120 days). Your e-learning product begins the day you purchase it, not the day you start it. Be sure to download any class materials prior to product expiration.
Blended Learning e-course materials can be found within the product and will be available for the length of the course.
Please visit www.worldatwork.org/prep to download course material amendments, view class rosters and to find out what to bring to your class.
*Join now and receive the best value. This includes both a one-year WorldatWork Premier membership and course registration. Add the course to your cart and then click "Join Now" before proceeding to check out.
Blended learning is the perfect hybrid solution for those individuals or teams who want interaction with the facilitator and peers while having the convenience and control of accessing the content at the time and place which work best for the individual. Depending on the course, the facilitator and peer interaction may be in person or through online web meetings and tools.
A learner-centric approach: moves beyond the one-size-fits-all classroom in favor of an on-demand, personalized learning environment
Greater skills practice and coaching: activities can focus on interaction, skill building, and rich feedback
Social and peer-based learning: keeps the emphasis on practical solutions to workplace challenges and makes the learning more engaging
Self-paced opportunities: allows access to content anytime, anywhere at the learner’s fingertips
Components of Blended Learning
All Blended Learning classes include a class discussion board, other components available within Blended Learning will vary in order to deliver the best learning experience possible. Classes may include access to components such as:
Live online session(s) with facilitator and peers
Articles and/or white papers
Tools and templates
How Much Study Time Should I Plan For?
A: Blended Learning classes are either led by a facilitator or self-paced. The course duration varies depending on the depth of knowledge shared within the particular class.
Facilitator-Led Blended Learning: All participants in these courses begin on the same day. You may access course materials any time—day or night—for 60 days after the course start date.
If there is a course book, the entire book is available starting on the first day. The e-learning modules, activities and discussion boards are divided into sections that are released weekly over a 4-8 week period, depending on the amount of content. View Course Matrix
You will be able to view the course syllabus and course book (if applicable) starting on the first day. These are valuable tools to help you plan how much time you will want to spend in the course each week. It is recommended that you go through the materials carefully to gauge how long each e-learning module, case studies, activities, etc. will take you each week. (See sample class syllabus for facilitator-led classes).
All facilitator-led courses include at least one live event where students and the facilitator come together in an online environment to discuss course material, group exercises, questions and answers, etc. Live web sessions are scheduled from10 a.m. to 12 p.m. Pacific. Although these sessions are scheduled for two hours, they may or may not run that long. These sessions are recorded and are available for review soon after the event.
Discussion boards are included in every course and are monitored by the facilitator. You can access the discussion boards at any time. These are a great way to interact with your facilitator and other course participants. You can post questions, read threads from other participants and the facilitator, and respond to what others have to say.
Self-Paced Blended Learning: You can access your self-paced course shortly after you register. Some participants may have started before you, and others will start after you, based on their individual registration dates. You may access course materials any time—day or night—for 60 days after date of purchase.
All course materials are available starting on the first day. The e-learning modules, and activities divided into sections so that you can easily determine how you want to allocate your time over the duration of your access. View Course Matrix
You will be able to view the course syllabus and course book (if applicable) starting on the first day. These are valuable tools to help you plan ahead. It is recommended that you go through the materials carefully to gauge how long to spend in each e-learning module, case study, activity, etc. (See sample class syllabus for self-paced classes).
Discussion boards are included in every course and are monitored by a subject matter expert. You can access the discussion boards at any time. These are a great way to interact with your facilitator and other course participants. You can post questions, read threads from other participants and the facilitator, and respond to what others have to say.