Statistics for Compensation: A Practical Guide to Compensation Analysis

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An insightful, hands-on focus on the statistical methods used by compensation and human resources professionals in their everyday work

Across various industries, compensation professionals work to organize and analyze aspects of employment that deal with elements of pay, such as deciding base salary, bonus, and commission provided by an employer to its employees for work performed. Acknowledging the numerous quantitative analyses of data that are a part of this everyday work, Statistics for Compensation provides a comprehensive guide to the key statistical tools and techniques needed to perform those analyses and to help organizations make fully informed compensation decisions.

This self-contained book is the first of its kind to explore the use of various quantitative methods—from basic notions about percents to multiple linear regression—that are used in the management, design, and implementation of powerful compensation strategies. Drawing upon his extensive experience as a consultant, practitioner, and teacher of both statistics and compensation, the author focuses on the usefulness of the techniques and their immediate application to everyday compensation work, thoroughly explaining major areas such as:

  • Frequency distributions and histograms

  • Measures of location and variability

  • Model building

  • Linear models

  • Exponential curve models

  • Maturity curve models

  • Power models

  • Market models and salary survey analysis

  • Linear and exponential integrated market models

  • Job pricing market models

Throughout the book, rigorous definitions and step-by-step procedures clearly explain and demonstrate how to apply the presented statistical techniques. Each chapter concludes with a set of exercises, and various case studies showcase the topic's real-world relevance. The book also features an extensive glossary of key statistical terms and an appendix with technical details. Data for the examples and practice problems are available in the book and on a related FTP site.

Statistics for Compensation is an excellent reference for compensation professionals, human resources professionals, and other practitioners responsible for any aspect of base pay, incentive pay, sales compensation, and executive compensation in their organizations. It can also serve as a supplement for compensation courses at the upper-undergraduate and graduate levels.

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About the author

JOHN H. DAVIS, PhD, is a Certified Compensation Professional and President of Davis Consulting, where he has consulted on salary surveys, statistics, base pay programs, incentive programs, and performance management programs for numerous Fortune 1000–size organizations. He has taught undergraduate and graduate statistics courses and, for the past three decades, has taught thousands of compensation and human resources professionals statistics and its application to common problems in their fields.
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Additional Information

Publisher
John Wiley & Sons
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Published on
Aug 24, 2011
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Pages
456
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ISBN
9781118002063
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Language
English
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Genres
Mathematics / Probability & Statistics / General
Mathematics / Probability & Statistics / Stochastic Processes
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Content Protection
This content is DRM protected.
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Available on Android devices
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Put an End to Racial Discrimination and Stereotyping Now!
Using his research and social experiences, author John Davis
offers sound solutions and suggestions to correct the negative
and unfounded stereotypes of black people

Crown Point, IN (Release Date TBD) There is no denying that racial prejudice and discrimination continue to exist and hound us all. For author John Davis, we need to establish a deep understanding of one another, learn how to respect each culture and realize that we are all the same in order to combat stereotyping and racial tensions. In his quest to make a difference for the better, he offers sound solutions to readers with his new book What do White Americans Want to Know about Black Americans but are Afraid to Ask, released through Xlibris.

The text is a compilation of facts designed to address and correct negative and unfounded stereotypes surrounding black people, particularly Black Americans, to generate dialogue and positive communication between black and white racial groups. These views were compiled by Davis after much research, travel in many states, and having formal discussions with lots of people of different races. With the objectivecontent of this volume, readers will learn that we are all basically alike and that there is no need for prejudice and discrimination to exist between us. In the end, What do White Americans Want to Know about Black Americans but are Afraid to Ask demonstrates that all people are alike regardless of their origins, backgrounds and mentality.

Help establish social peace and make a difference by ordering a copy of this touching book online at Xlibris.com or at your local bookstore today!
Put an End to Racial Discrimination and Stereotyping Now!
Using his research and social experiences, author John Davis
offers sound solutions and suggestions to correct the negative
and unfounded stereotypes of black people

Crown Point, IN (Release Date TBD) There is no denying that racial prejudice and discrimination continue to exist and hound us all. For author John Davis, we need to establish a deep understanding of one another, learn how to respect each culture and realize that we are all the same in order to combat stereotyping and racial tensions. In his quest to make a difference for the better, he offers sound solutions to readers with his new book What do White Americans Want to Know about Black Americans but are Afraid to Ask, released through Xlibris.

The text is a compilation of facts designed to address and correct negative and unfounded stereotypes surrounding black people, particularly Black Americans, to generate dialogue and positive communication between black and white racial groups. These views were compiled by Davis after much research, travel in many states, and having formal discussions with lots of people of different races. With the objectivecontent of this volume, readers will learn that we are all basically alike and that there is no need for prejudice and discrimination to exist between us. In the end, What do White Americans Want to Know about Black Americans but are Afraid to Ask demonstrates that all people are alike regardless of their origins, backgrounds and mentality.

Help establish social peace and make a difference by ordering a copy of this touching book online at Xlibris.com or at your local bookstore today!
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