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Quantitative Principles in Compensation Management

Last Updated: Oct 3, 2024
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54 Questions and Answers for the Worldatwork C3E exam

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Worldatwork Quantitative Principles in Compensation Management Syllabus
  • Data, Information and Levels of Management/ Learn about regression models within the compensation environment
  • Measure of Central Tendency and/or Location/ Dive into percents, individual compa-ratio, department compa-ratio, market index, percent difference
  • Gain insights on measures of central tendency, measures of location and percentile bars/ Learn about the levels of measurement
  • Understand measure of variability including range, interquartile range and standard deviation/ Developing salary ranges and percents in compensation management
  • Recognize distorted data and commonly used mistakes that distort data/ Learn about populations and samples as well as frequency distributions
  • Understand how the time value of money is directly related to compensation/ Interpret distributions of data and understand the application
  • Learn about z-scores, including 2-sigma and 3-sigma rules/ Collecting, Organizing, Grouping and Displaying Data
  • Constant midpoint progression and annuity payments/ Lying with Statistics, Graphs and Displays