Learn how to identify and avoid common pitfalls in a pay equity process.
Compensation experts work hard to ensure pay equity, but most, if not all, compensation studies are only 50% complete. How can this be? Broadly, there are two major forms of compensation analysis: (1) external (benchmarking) and (2) internal (statistical pay equity). The vast majority of compensation experts do not understand the important relationship shared between these two forms of compensation analysis. Moreover, they do not know that employers must have both external and internal pay equity. This presentation will explain the two forms of compensation analysis and provide focused training on internal (statistical) pay equity methods. Specifically, this presentation will explain basic statistical methods applied in internal pay equity studies, along with a live demonstration. Importantly, this presentation will explain how external and internal compensation studies rely on each other to provide employers with true 100% comprehensive pay equity outcomes. This topic is critical for employers to ensure their compensation system is truly balanced and equitable.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Two Types of Compensation Analysis
- External Pay Equity-Benchmark Study
- Internal Pay Equity-Statistical Pay Equity Study
- Compare Contrast-Reveal the Missing 50%
Statistical Pay Equity Study-Primer
- t-Test
- Multiple Linear Regression
- Cohort Analysis
Live Statistical Pay Equity Analysis Demonstration
- Discuss Basic Data Requirements
- Statistical Analysis in Excel
- Interpretingresults
100% Complete Compensation Analysis
- External + Internal Compensation Studies = 100%
Recap
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on May 12, 2023.
Call 1-866-352-9540 for further credit information.
- ASA 1.0
- This program may qualify for 1.0 continuing education hour(s) towards maintaining your ASA credential. Please contact ASA for more information at [email protected]. Please retain proof of attendance in the event your CE record is audited.
HR Certification Institute 1.0
- This E-Learning program has been pre-approved for 1.0 (General) recertification credit hours toward aPHR®, aPHRi(TM), PHR®, PHRca®, SPHR®, GPHR®, PHRi(TM), and SPHRi(TM) recertification through HR Certification Institute® (HRCI®). For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org.
SHRM 1.0
- Lorman Education Services is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for 1.0 PDC(s) for the SHRM-CP or SHRM-SCP.
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
- Those applying for AIA and HRCI must view 100% of the program and answer the questions following the program.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Dan Kuang, Ph.D.
Biddle Consulting Group, Inc.
- BCGi Distinguished Researcher and Fellow
- Focuses on pay equity, complex class action Title VII (and related), expert litigation support
- California Equal Pay Taskforce expert member
- Testified before United States Commission on Civil Rights on gender pay gap and participated in Joint Pay Equity Roundtable: NIG + OFCCP
- Author of various Law360 articles
- Education includes the University of California, Berkeley; The City University of New York, Baruch College; and Portland State University
- Can be contacted at Biddle Consulting Group, 193 Blue Ravine, Suite 270, Folsom, CA 95630
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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