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
GR2 is the equivalent of T3. Your shopping cart, receipt and online product receipt will reflect T3.
Schedule your exam through Pearson VUE. Exam eligibility expires 120-days from first day of class.
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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
Measures of central tendency
Measures of location
Percentile bars
Measures of Variability
Range
Interquartile range
Standard deviation
Z-scores
Statistics—Shapes of Distributions
Interpreting distributions
Normal distribution
Regression Analysis
Regression models in an HR environment
Developing a regression model
Cautions in the interpretation of correlations
Multiple regression
Who Should Register
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.
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 $150 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.
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/seminars to download course material amendments, view class rosters and to find out what to bring to your class.
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