Isn’t pay essentially about statistics, since pay programs are designed and administered around math, which is central to pay, right from the structure to the analysis of data?
Statistics has a vital role to play in compensation. Statistics professionals and practitioners have to possess the nous needed for devising and analyzing concepts relating to pay, such as pay ranges, pay survey data, individual and group pay rates, and other elements of a compensation program.
A learning session that helps understand the relationship between statistics and compensation
David J. Wudyka, SPHR, Managing Principal of Westminster Associates in Wrentham, MA, who is an independent Human Resource Consultant with over 30 years’ experience in the profession, and is one of the first people in the United States certified in the Compensation field by the World At Work; will explain the role of statistics in compensation at a webinar that is being organized by TrainHR, a leading provider of professional trainings for the human resources industry.
Want to understand the nuances of the relationship between statistics and compensation? Then, all that you need to do is log on to TrainHR to enroll for this webinar.
Viewing this webinar, its entirety qualifies for a recertification credit hour that may be counted toward SHRM-CP and SHRM-SCP recertification from SHRM.
Credit is awarded based on the actual educational time spent in the program.
This webinar has been approved for 1.5 HR (General) recertification credit hours toward aPHR, PHR, PHRca, SPHR, GPHR, PHRi and SPHRi recertification through HR Certification Institute (HRCI).
Pay structure unraveled
At this session, the speaker will simplify and demystify the assumed complexities of the pay structure. In unraveling the mysteries of statistics in compensation, David will help participants understand the various elements of the statistics behind the pay structure. He will ask and answer many questions relating to statistics in pay structure. Some of these include:
Understanding of all the measures that go into pay programs
Knowledge of statistical concepts such as these is a great means improve one’s ability to create and analyze one’s compensation program. At this webinar, David will help identify the measures that Compensation professionals use when they design and administer pay programs, from the creation of pay structures through the analysis of pay survey data. This session will offer clear understanding the underlying statistics of the elements of compensation programs.
It will cover the following areas during this session: