This basic-level course focuses on general quantitative concepts, basic statistical tools, the mathematics of total compensation design and administration, mathematical modeling and regression analysis. Participants 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
Understand 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
Find out 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 distribution
Gain an understanding of modeling and regression analysis
Who Should Attend
This course is intended for those individuals who are relatively new to the field as well as experienced practitioners who seek a basic treatment for applying statistics in total compensation management. Participants will benefit most from this course if they are proficient in the concepts covered in course T1/GR1. It is assumed that participants have had no formal exposure to statistics, but have had a basic algebra course.
What You Will Learn
Statistics—Data, Information and Levels of Measurement
Why HR professionals collect and use data
Five key questions to ask about the variable of interest
Levels of measurement
Percents and Related Issues
Percents
Individual compa-ratio
Department compa-ratio
Market index
Percent difference
Developing salary ranges
Percents in benefits management
Time Value of Money
Compound interest and compound salary growth rate
Constant midpoint progression
Annuity payments
Statistics—Collecting, Organizing, Grouping and Displaying Data
Populations and samples
Frequency distributions
Organize, group and display data
Statistics—Lying with Statistics, Graphs and Displays
Recognizing distorted data
Mistakes that distort data
Statistics—Measures of Central Tendency and/or Location
Consider Bringing This Course to Your Location This professional development program and others offered by WorldatWork can be customized to meet the unique needs of your organization and delivered at your location. For more information, contact a Corporate Education Resource Manager at 877/710-5970 or 480/905-5980.
Course & Certification Exam held in Brussels, Belgium: €1190 | €890 Member(Includes: course, binder, exam, and calculator.)
Course & Certification Exam held in Singapore: S$ 2365| S$ 1785 Member (Includes: course, binder, exam, and calculator.)
Course & Certification Exam held in Australia: AUD $995* (Includes: course, binder, exam, and calculator) Exam-only AUD $600* (to order call 877/951-9191) *Includes GST. (Credit cards will be charged at equivalent USD
rate. Exact rate may vary depending on credit card company conversion rate to AUD.)
Course & Certification Exam hosted by the Global Reward Consortium:
$1,810 USD
* | Member $1,220 USD(Includes: course, binder, exam, calculator, and shipping.)
Self Study Package:$1,255 USD
* | Member $880 USD(Includes: course, binder, calculator and certification exam. Shipping & handling not included.)
Add to Cart
Certification Exam Only: $645 USD
* | Member $500 USD
Schedule/Registration
Please note: WorldatWork course and certification exam materials undergo frequent evaluation and revision. If you are purchasing course materials for the purpose of self-study, it is recommended that you schedule your exam within 30-45 days of purchase to ensure the course materials and exam are current. To schedule an exam please contact Customer Relationship Services toll-free at 877/951-9191 or e-mail customerrelations@worldatwork.org. Self-study binder purchases are nonreturnable.
For certification preparation courses held in Washington, D.C., Phoenix/Scottsdale, Brussels, Singapore and any one-day seminar held globally, course binders (and BAII calculator, if applicable) will be available for pick up on site the day of the course. All other registrants will receive a course binder no sooner than 5-7 days after registration. Playback is available 1 week after the last course day and expires 90-days from registration.
To help you prepare for your course, please visit www.worldatwork.org/seminars to download course book 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 membership and course registration. Add the course to your cart and then click "Join Now" before proceeding to check out.
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