ERI Economic Research Institute’s recent white paper, “Five Technical Aspects of Compensation Data” by Jonas Johnson, Senior Researcher, is available for download via www.erieri.com.
In this white paper, Johnson explores the curvilinear nature of data, outliers, wage fluctuation, accurately aging data, and heteroscedasticity.
“Compensation professionals should consider these factors prior to setting pay practices,” writes Johnson. “Ignoring them could result in less than optimal data analyses, potentially resulting in a loss of talent or overpayment for labor.”
