Learning Options

Quantitative Methods
Certification Exam: GR2*

Statistical Tools to Solve Problems

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

• 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

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	Credits GRP: Required Recertification: 2 course, .5 Exam CEUs: 1.5 Course, .3 Exam PHR/SPHR/GPHR recertification hours: 16 (classroom); 14 (live online) CCP and CBP Equivalency: T3
	Faculty
	Course book amendments

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.