Book

Statistics for Compensation Author: Davis, John H. ASIN : B0051H675E [image "Image" file=Image00000.jpg] Contents Prefac

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Themeresearch-bulk-chunkpa_statisticsforcompensation

Contextresearch_analysis

What this book knows

Compensation professionals can master the statistical models—regression, aging, structure-building—that turn pay data into defensible decisions.

Sex: Absent
Work: Primary
Learning: Primary
Religion: Absent

ambition-and-statuswork-as-meaningmind-and-cognition

mind-and-cognition

Do not discard a data point just because it is high or low; you must report what you did and why to maintain the ethical foundation of your analysis.
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The rapid increase in earlier years and slower increase in later years are what we would expect—common sense confirms the model.
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Most statistics needed in compensation are descriptive; we seldom take random samples—most of the time we have the population.
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ambition-and-status

System factors typically result in the salary range for a job; individual factors influence the pay for an individual within that range.
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BPD's base pay is 23.1% above the market—in context the 'average' percent difference from the market model is 42%, making it very reasonable.
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work-as-meaning

Before including this scatter plot in a report, you need to know 'who is that point,' because that will be the first question asked.
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Illuminates

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