WorldatWork C3E - Quantitative Principles in Compensation Management
A survey shows the average pay for senior accounting clerks is 1,570/mth. Your midpoint for senior-accounting clerks is 1,670 and the average actual pay is 1,550. What is your compa-ratio for accounting clerks? What is your market index?
At 10% investment return, what would be in the same employee's account including investment earnings at the end of the year?
Why do compensation professionals collect & use data?
Market based pay = Intercept + (slope) x (job worth). You have collected data and have quantified your model as follows: y = 15000 + 50x. The value of 15,000 in the model represents which of the following?
Why do we sample?
A distribution that is skewed with a tail to the left is which of the following?
Midpoint for grade 14 is 950, and the max is 1,200. Assuming that the structure is symmetric, what is the range spread? (rounded)
In positively skewed distributions, the mean is usually which of the following?
What type of regression model does the following equation suggest? y = a + b1x1
Suppose your monthly pay is 3,000. The mean for all employees in your grade is 3,500, and the standard deviation is 200. What is your z-score relative to this group of employees?
