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Basic Statistics for Compensation
No webinars are scheduled at this time.
Overview

It is important to have an understanding of the statistical measures and concepts used in compensation. This webinar will cover the basics and demonstrate how to use Excel to perform statistical tests on compensation data and how to analyze the results.

Participants will learn about performing data analysis, what a population is and different kinds of samples, scales of measurement, the differences between mean, median, and mode and when to use them, ranges, quartiles, standard deviation, frequencies, proportions tests (one sample, two sample), correlation, regression analysis and a variety of ways to display data. Excel will be used to demonstrate how to perform many of these statistical operations.

Learning Objectives
  • Recognize the 5 steps of data analysis
  • Specify different scales of measurement
  • Identify differences between the measures of center: mean, median, and mode
  • Define frequencies and proportions tests
  • Perform statistical calculations and display results using Excel
  • Explain basic correlation and regression
  • Demonstrate how to do basic correlation and regression in Excel
  • Describe how to present data
Credit & Professional Continuing Education Information

Credit Hours - You must attend for 90 minutes to be eligible:

  • SHRM-CP/SHRM-SCP: ERI Distance Learning Center is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for 1.5 PDCs for the SHRM-CPSM or SHRM-SCPSM. For more information about certification or recertification, please visit www.shrmcertification.org.

    SHRM Approved Provider Logo




  • aPHR/PHR/SPHR/GPHR: ERI Distance Learning Center is a recognized provider of recertification credits. The HR Certification Institute® (HRCI®) has pre-approved this activity for 1.5 HR (General) credit hours towards aPHR™, PHR®, SPHR®, and GPHR® recertification.

    HR Certification Institute's® (www.HRCI.org) official seal confirms that ERI Economic Research Institute’s Distance Learning Center meets the criteria for pre-approved recertification credit(s) for any of HRCI’s eight credentials, including SPHR® and PHR®.



  • CBP/CCP/GRP/WLCP/CECP/CSCP: This webinar qualifies for recertification credit for the Certified Compensation Professional (CCP®), Certified Benefits Professional® (CBP), Global Remuneration Professional (GRP®), Work-Life Certified Professional (WLCP®), Certified Executive Compensation Professional (CECP™) and Certified Sales Compensation Professional (CSCP™) designations granted by WorldatWork Society of Certified Professionals. Please note that the CECP and CSCP designations require a minimum number of credits from executive and sales compensation-related activities. For more information on recertification, visit the WorldatWork Society recertification webpage at www.worldatwork.org/certification/recertification.

Course Number:
BSCWEB
Category:
Salary Administration
Field of Study:
Specialized Knowledge & Applications
Audience:
HR Managers, Compensation Managers , Compensation Analysts
Level of Difficulty:
Basic
Delivery Method:
Group Internet-Based
Prerequisites:
College-level algebra and knowledge of basic statistics
Advanced Preparation:
None
SHRM BoCK:
SHRM BoCK: As defined by the SHRM Body of Competency and Knowledge TM, this webinar covers competency topics related to Critical Evaluation with the knowledge area being Compensation and Benefits.
Meet the Presenter

Lyle Leritz, PhD
Lyle Leritz is a Research Manager at ERI Economic Research Institute. Lyle has worked as a researcher and product manager at ERI for over a decade focusing on salary surveys, executive compensation, cost of living, and job analysis during that time. He received his PhD in Industrial-Organizational Psychology from the University of Oklahoma.

No webinars are scheduled at this time.
Requirements

To view and listen to the presentation:

  1. When prompted, download the app rather than viewing in a browser. Adobe recommends using the app and we have found it to be more reliable.
  2. You need a computer/tablet/phone with internet connection and audio output

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Supported Operation Systems and Browsers

Windows

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Mac OS

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For HTML Client

No webinars are scheduled at this time.
The ERI Distance Learning Center is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: https://www.nasbaregistry.org/
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