Statistics for compensation: a practical guide to compensation analysis
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| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Hoboken, NJ
Wiley
2011
|
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Item Description: | Includes bibliographical references and index |
| Physical Description: | xiv, 439 p |
| ISBN: | 9780470943342 |
Staff View
MARC
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| 100 | 1 | |a Davis, John H. |e Verfasser |0 (DE-588)1013127757 |4 aut | |
| 245 | 1 | 0 | |a Statistics for compensation |b a practical guide to compensation analysis |c John H. Davis |
| 264 | 1 | |a Hoboken, NJ |b Wiley |c 2011 | |
| 300 | |a xiv, 439 p | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 500 | |a Includes bibliographical references and index | ||
| 650 | 0 | 7 | |a Kompensation |0 (DE-588)4031980-5 |2 gnd |9 rswk-swf |
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Record in the Search Index
| _version_ | 1804149187645800448 |
|---|---|
| adam_text | Contents
Preface
xiii
chapter
1
Introduction
ι
1.1 Why do Statistical Analysis?
2
Example Analysis
3
1.2
Statistics
5
1.3
Numbers Raise Issues
6
1.4
Behind Every Data Point, There Is a Story
8
1.5
Aggressive Inquisitiveness
9
1.6
Model Building Framework
9
Example Model
10
1.7
Data Sets
10
1.8
Prerequisites
11
chapter
2
Basic Notions
13
2.1
Percent
14
Graphical Displays of
Percents
16
2.2
Percent Difference
21
2.3
Compound Interest
23
Future Value
24
Present Value
26
Translating
27
Practice Problems
28
chapter
3
Frequency Distributions and Histograms
31
3.1
Definitions and Construction
41
Rules for Categories
43
3.2
Comparing Distributions
48
Absolute Comparison and Relative Comparison
48
Comparing More Than Two Distributions
50
3.3
Information Loss and Comprehension Gain
51
3.4
Category Selection
51
VI
CONTENTS
3.5
Distribution Shapes
,54
Uniform Distribution
55
Bell-Shaped Distribution
55
Normal Distribution
56
Skewed Distribution
59
Bimodal Distribution
ι
j6o
Practice Problems
62
chapter
4
Measures of Location
67
4.1
Mode
67
4.2
Median :
68
4.3
Mean
70
4.4
Trimmed Mean
73
4.5
Overall Example and Comparison
73
Comparison
75
4.6
Weighted and Unweighted Average
. . ■ . 76
Which Measure to Use?
:.,. 78
Application of Weighted Averages to Salary Increase
Guidelines
80
4.7
Simpson s Paradox
82
4.8
Percentile
85
Reverse Percentile
88
4.9
Percentile Bars
90
Practice Problems
92
chapterõ
Measures of Variability
, ,. 95
5.1
Importance of Knowing Variability
95
5.2
Population and Sample
96
Examples of Populations
96
Examples of Samples and Populations
96
5.3
Types of Samples
97
5.4
Standard Deviation
98
Interpretations and Applications of Standard Deviation
100
5.5
Coefficient of Variation
, 107
Interpretations and Applications of Coefficient of Variation
108
5.6
Range
109
Interpretations and Applications of Range
109
5.7
P90/P10
110
Interpretations and Applications of P90/P10
< 111
5.8
Comparison and Summary
; 112
Practice Problems
115
CONTENTS
VII
chapter
6
Model Building
119
6.1
Prelude to Models
119
6.2
Introduction
120
6.3
Scientific Method
122
6.4
Models
123
6.5
Model Building Process
126
Plotting Points
128
Functional Forms
132
Method of Least Squares
136
Practice Problems
138
chapter
7
Linear Model
141
.7.1
Examples
141
7.2
Straight Line Basics
143
Interpretations of Intercept and Slope
144
Using the Equation
145
7.3
Fitting the Line to the Data
147
What We Are Predicting
148
Interpretations of Intercept and Slope
149
7.4
Model Evaluation
149
Appearance
150
Coefficient of Determination
150
Correlation
152
Standard Error of Estimate
154
Common Sense
154
7.5
Summary of Interpretations and Evaluation
155
7.6
Cautions
155
7-7
Digging Deeper
158
7.8
Keep the Horse Before the Cart
160
Practice Problems
164
chapter
8
Exponential Model
167
8.1
Examples
167
8.2
Logarithms
168
Antilogs
170
Scales
170
Why Logarithms?
171
8.3
Exponential Model
172
8.4
Model Evaluation
176
Appearance
176
Coefficient of Determination
m
Correlation
V7
Vili
CONTENTS
Standard Error
of Estimate
-
,
- 177
Common Sense
, 178
Summary of Evaluation
: 178
Practice Problems
178
chapters Maturity Curve Model
181
9.1
Maturity Curves
181
9.2
Building the Model
184
Cubic Model
184
Cubic Model Evaluation
186
Spline Model
187
Spline Model Evaluation
, 188
9.3
Comparison of Models
.. ·
^Q
Practice Problems
190
chapter
10
Power Model
, 193
10.1
Building the Model
193
10.2
Model Evaluation
197
Appearance
197
Coefficient of Determination
198
Correlation
198
Standard Error of Estimate
198
Common Sense
199
Summary of Evaluation
■ . ■ 199
Practice Problems
200
chapter
1 1
Market Models and Salary Survey Analysis
201
11.1
Introduction
201
11.2
Commonalities of Approaches
203
11.3
Final Market-Based Salary Increase Budget
205
Initial Market-Based Salary Increase Budget
and Market Position
205
Final Market-Based Salary Increase Budget
206
Raises Given Throughout the Year
206
Raises Given on a Common Date
208
11.4
Other Factors Influencing the Final Salary Increase
Budget Recommendation
210
Assumptions
211
11.5
Salary Structure
211
Practice Problems
213
chapter
12
Integrated Market Model: Linear
215
12.1
Gather Market Data
215
CONTENTS
IX
12.2
Age Data to a Common Date
217
12.3
Create an Integrated Market Model
217
Interpretations
219
12.4
Compare Employee Pay with Market Model
222
Practice Problems
228
chapter
13
Integrated Market Model: Exponential
233
Practice Problems
246
chapter
14
Integrated Market Model: Maturity Curve
251
Practice Problems
261
chapter
15
Job Pricing Market Model: Group of Jobs
265
Practice Problems
272
chapter
16
Job Pricing Market Model: Power Model
277
Practice Problems
280
chapter
17
Multiple Linear Regression
283
17.1
What It Is
283
17.2
Similarities and Differences with Simple Linear Regression
284
17.3
Building the Model
285
First
лг
-Variable
292
Second x-Variable
295
Standardized Coefficient
298
Third x-Variable
300
Multicollinearity
301
17.4
Model Evaluation
305
Regression Coefficients
305
Standardized Coefficients
306
Coefficient of Determination
306
Standard Error of Estimate
306
Multicollinearity
306
Simplicity
307
Common Sense
307
Acceptability
307
Reality
307
Decision
307
17.5
Mixed Messages in Evaluating A Model
308
r2 Versus Common Sense
308
r2 Versus Simplicity
308
Simplicity Versus Acceptability
308
17.6
Summary of Regressions
308
CONTENTS
Appendix
177
Digging Deeper
■...■■
-.і
■
310
Summary
;
315
Practice Problems
. · .
317
319
A.i Value Exchange Theory
319
Achieving Organization Goals
:>««*
¡
..
319
Value Exchange
· · - · ■
319
A FairValue Exchange Is a Good Deal
.....
,i(
,,
320
A.2 Factors Determining a Person s Pay
321
System Factors
322
Individual Factors
■
323
A.3 Types of Numbers
324
Definitions and Properties
,·, .
324
Histograms with All Four Types of Measurements
.
327
A.4 Significant Figures
330
A.5 Scientific Notation
ЗЗ1
A.6 Accuracy and Precision
332
Which Is More Important?
333
A.7 Compound Interest-Additional
333
Other Formulas
333
A.8 Rule of
72 ,
334
Derivation of the Rule of
72
335
A.9 Normal Distribution
ЗЗ6
Central Limit Theorem
337
Distribution of Salary Survey Data
;.
ЗЗ8
A.10 Linear Regression Technical Note
338
A.11 Formulas for Regression Terms
340
A.12 Logarithmic Conversion
- -
340
A.13 Range Spread Relationships
340
Overlap
343
A.14 Statistical Inference in Regression
344
/-Statistic and Its Probability
347
F-Statistic and Its Probability
З48
Mixed Messages in Evaluating a Model r.
349
A.15 Additional Multiple Linear Regression Topics
349
Adjusted
r2 r
· ·
349
Coding of Indicator Variables
,;;.·
350
Interaction Terms
.
З51
CONTENTS
XI
GLOSSARY
357
REFERENCES
369
ANSWERS TO PRACTICE PROBLEMS
371
INDEX
433
|
| any_adam_object | 1 |
| author | Davis, John H. |
| author_GND | (DE-588)1013127757 |
| author_facet | Davis, John H. |
| author_role | aut |
| author_sort | Davis, John H. |
| author_variant | j h d jh jhd |
| building | Verbundindex |
| bvnumber | BV040158548 |
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| dewey-full | 658.3/2015195 |
| dewey-hundreds | 600 - Technology (Applied sciences) |
| dewey-ones | 658 - General management |
| dewey-raw | 658.3/2015195 |
| dewey-search | 658.3/2015195 |
| dewey-sort | 3658.3 72015195 |
| dewey-tens | 650 - Management and auxiliary services |
| discipline | Informatik Wirtschaftswissenschaften |
| format | Book |
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| id | DE-604.BV040158548 |
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| institution | BVB |
| isbn | 9780470943342 |
| language | English |
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| physical | xiv, 439 p |
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| publisher | Wiley |
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| spelling | Davis, John H. Verfasser (DE-588)1013127757 aut Statistics for compensation a practical guide to compensation analysis John H. Davis Hoboken, NJ Wiley 2011 xiv, 439 p txt rdacontent n rdamedia nc rdacarrier Includes bibliographical references and index Kompensation (DE-588)4031980-5 gnd rswk-swf Statistik (DE-588)4056995-0 gnd rswk-swf Kompensation (DE-588)4031980-5 s Statistik (DE-588)4056995-0 s DE-604 Digitalisierung UB Regensburg application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=025015123&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Davis, John H. Statistics for compensation a practical guide to compensation analysis Kompensation (DE-588)4031980-5 gnd Statistik (DE-588)4056995-0 gnd |
| subject_GND | (DE-588)4031980-5 (DE-588)4056995-0 |
| title | Statistics for compensation a practical guide to compensation analysis |
| title_auth | Statistics for compensation a practical guide to compensation analysis |
| title_exact_search | Statistics for compensation a practical guide to compensation analysis |
| title_full | Statistics for compensation a practical guide to compensation analysis John H. Davis |
| title_fullStr | Statistics for compensation a practical guide to compensation analysis John H. Davis |
| title_full_unstemmed | Statistics for compensation a practical guide to compensation analysis John H. Davis |
| title_short | Statistics for compensation |
| title_sort | statistics for compensation a practical guide to compensation analysis |
| title_sub | a practical guide to compensation analysis |
| topic | Kompensation (DE-588)4031980-5 gnd Statistik (DE-588)4056995-0 gnd |
| topic_facet | Kompensation Statistik |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=025015123&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| work_keys_str_mv | AT davisjohnh statisticsforcompensationapracticalguidetocompensationanalysis |