Human Resources Policies

Using Statistics in Compensation

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Isn’t pay essentially about statistics, designed and administered as it is around math? And given the inseparable link between math and all aspects of pay, right from the structure to the analysis of data, the connection between statistics and compensation becomes complete.

The link between statistics and compensation can be gauged from the fact that all the vital concepts of pay, such as pay ranges, pay survey data, individual and group pay rates, and other elements of a compensation program, are devised and analyzed only by using statistics.

A learning session to help discern the link between statistics and compensation

TrainHR, a leading provider of professional trainings for the human resources industry; is organizing a webinar which will examine the close relationship between statistics and compensation. David J. Wudyka, SPHR, Managing Principal of Westminster Associates in Wrentham, MA, an independent Human Resource Consultant with over 30 years’ experience in the profession, will be the expert at this session.

Kindly register for this webinar by visiting https://www.trainhr.com/webinar/using-statistics-in-compensation-702491LIVE.

This webinar has been approved for 1.5 HR (General) recertification credit hours toward aPHR, PHR, PHRca, SPHR, GPHR, PHRi and SPHRi recertification through HR Certification Institute (HRCI).

Viewing this webinar, its entirety qualifies for a recertification credit hour that may be counted toward SHRM-CP and SHRM-SCP recertification from SHRM. Credit is awarded based on the actual educational time spent in the program.

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Deep insights into statistics as an indispensable element of compensation

At this session, David will describe some of the assumed complexities of the pay structure, which will give the participants an understanding of the role that statistics play in the pay structure. He will ask questions about some of the most intriguing aspects relating to statistics in pay structure and answer them. Some of these questions are:

  • What are the ways by which to calculate minimums and maximums of a pay range, knowing just the new midpoints?
  • How does one understand a compa-ratio, and how is it used?
  • How is a percentile calculated, and how are percentiles used?
  • Why is it that weighted averages, and not the median, that are used by the majority of Compensation practitioners?
  • How does simple regression analysis differ from multiple regression analysis, and how are these concepts used in a practical way by practitioners?
  • How does one understand correlation analysis and how does this analysis help in pay program administration?
  • How can one estimate the number of grade levels between new midpoints using selected midpoint to midpoint spread percentages when creating new pay structures?
  • What is the logic that drives practitioners to divide pay ranges into quartiles?

The point of discussing these statistical concepts is that they can be very effective in improving one’s ability for creating and analyzing one’s compensation program. The measures that Compensation professionals use when they design and administer pay programs, from the creation of pay structures through the analysis of pay survey data, will be discussed.

At this webinar, David will cover these areas:

  • How to create and analyze pay range widths (“spreads”)
  • Why “weighted averages” are more widely used than “medians”
  • Defining “means”, “medians” and “modes” (and how to use them)
  • How to understand the statistics of pay structure design
  • Understanding the difference between regression and correlation analysis, and how to apply them effectively in pay program analysis
  • How “percentiles” differ from “percents”, and how to calculate them
  • How to calculate rate range minimums and maximums from estimated midpoints
  • Calculating the “penetration” of pay rates in pay ranges
  • The Compa-ratio: what it is, how to calculate it and how to use it
  • Why pay ranges are divided into “quartiles”
  • The difference between “linear regression” and “multiple regression”
  • How to estimate the number of grade levels between two new pay structure midpoints
  • What are “measures of central tendency” and why are they important for analysis?

 

All personnel connected with compensation and statistics will benefit from this webinar. these include Compensation Analysts, Human Resource Managers, Human Resource Generalists, Financial Managers, and Human Resource Managers who are new to the Compensation function.

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About the expert: David has more than thirty years of experience in his specialty, Compensation Consulting. David has taught extensively in colleges and universities such as UMass Boston, Bryant University, and the U.S. Coast Guard Academy. David looks at ways by which the HR department in an organization can enhance its role to become a Strategic Partner in businesses today. He writes extensively on topics of vital interest to the industry, such as how to improve pay transparency and how to narrow the gender pay gap in which the bottom lines for businesses improves, irrespective of their size.

 

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Human Resources Policies

Form I-9 Update

form-i-9-verification

At its simplest, the Form I-9, as described by the U.S. Citizenship and Immigration Services (USCIS), is a form used to verify the identity and employment authorization of individuals that are hired to work in the US. The USCIS requires all US employers to properly and duly complete Form I-9 for each individual they hire for employment in the US, irrespective of whether the employee is a US citizen or noncitizen.

The importance of the Form I-9 underscores the need for compliance in all areas of this document. Noncompliance carries a very heavy cost to the employer. What are the aspects that need to be kept in mind when filling out the Form I-9? How do employers fill it up in a way that is fully compliant with the requirements set out by the USCIS? How do they insulate themselves from legal complications when filling out the Form I-9 for each of their employees?

All these will be described in a thorough manner at a valuable webinar that is being organized by TrainHR, a leading provider of professional training for all the areas of human resources, on July 3. At this webinar, Dayna Reum, Payroll Tax Manager at PetSmart Inc., will be the expert. Please visit https://www.trainhr.com/webinar/form-i-9-update-702444LIVE to enroll for this session and gain the immense benefits it brings.

This webinar has been approved for 1 HR (General) recertification credit hours toward aPHR, PHR, PHRca, SPHR, GPHR, PHRi and SPHRi recertification through HR Certification Institute (HRCI).

Viewing this webinar, its entirety qualifies for a recertification credit hour that may be counted toward SHRM-CP and SHRM-SCP recertification from SHRM. Credit is awarded based on the actual educational time spent in the program.

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The core objective of this webinar is to help employers understand ways by which to remain compliant with filling up Form I-9. The expert will take up each section of the I-9, review each part, and explain how to properly complete each of these. She will also describe the laws around discrimination. Other core learning concerns what is allowed to be asked for during the I-9 process, the proper way to handle correcting the I-9 when mistakes are made, the timing and method of storage and retention, and how to understand the I-9’s e-verify.

Dayna will take up answering of the important questions relating to how to get set up and what process to take when doing I-9 and the verifying process. In other words, this is going to be a complete session on all aspects of the I-9, and brings the immense benefit of ensuring that the employer stays compliant with its requirements, the direct result of which is avoidance of penalties in money and legal terms.

This session is of immense value to those handling this important tool, such as HR Professionals, Payroll Professionals, and Managers that complete a form I-9 for new hires. Dayna will cover the following areas:

Working in the US and Employment Verification

Discrimination/Requirements

How to properly complete the I-9

Section by Section

Correcting Mistakes

Storage and Retention

E-verify

Questions?

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About the expert: Being experienced in the payroll field for over 15 years, Dayna specializes in payroll basics, global/cultural awareness, immigration basics for the payroll professional, multi-state and local taxation and quality control for payroll, international and Canadian payroll.

 

hr best practices, Human Resources Training

Foundations of Change Management for HR Professionals

change-promo

Wondered how far human resources has come from the days of counting the heads of the employees present in the office to one that is an integral part of the organization’s core functions? HR today has a role to play in all the functions the organization performs, right from the most routine one, all the way up to mergers, takeovers and acquisitions.

If this is the extent to which HR has evolved in what may termed the normal period, what should it do in today’s world of globalization, explosion of the information technology and the like? Change is the buzzword in today’s businesses. And nothing is more critical for organizations than knowing how to handle change management. Who could be a better facilitator for change management in the organization than HR?

Interested in exploring this topic more? A webinar from TrainHR, a leading provider of professional training for the human resources areas, will be explaining how organizations’ HR can help cope with change management.

People skill specialist, trainer, negotiator, facilitator and author, Tony White, will be the expert at this webinar. Please log on to http://bit.ly/2TZLWqo  to enroll for this highly valuable training session and derive understanding of how HR can play a stellar role in change management.

This webinar has been approved for 1.5 HR (General) recertification credit hours toward aPHR, PHR, PHRca, SPHR, GPHR, PHRi and SPHRi recertification through HR Certification Institute (HRCI).

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Knowledge of change management is no longer optional for organizations; it is mandatory. Lack of it could make a critical difference in the organization. Human resources, given its position in the organization, is uniquely placed to help facilitate this all-important transition in the organization.

At this 90-minute session, Tony will provide participants with the tools, strategies and techniques for successfully positioning their organizations in the light of unprecedented change, both in its nature and its speed. This session is of immense value to organizations that are struggling to cope with change management. Tony will show how HR can bring in a more disciplined approach to change management, which will help organizations build what he calls the change management “muscle”.

Professionals in any role of HR will benefit from this session, at which all the areas relevant to the topic will be discussed. These are:

  • Working Definition of Change
  • Why Change?
  • Types & Nature of Organizational Change
  • Transition and Future State Models
  • Understanding Resistance to Change
  • Planning for Effective Change Management
  • Three Stage Scalable Organizational Change Management Process
  • Four Core Questions
  • Change Readiness Surveys
  • Change Management Roles
  • Managing Change
  • Communication
  • Resistance Management
  • Reinforcing and Evaluating Change.

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About the expert:

Tony White has conducted training workshops, delivered keynote addresses and facilitated high-level executive initiatives for a broad cross section of business, education, and government organizations for over twenty-five years.

During this long tenure, he has held very notable positions ranging from part-owner and director of a private label food manufacturing company, a partner in an international training company, a change management specialist in a global enterprise, a community college outreach partner, and an in-house instructional designer with a high-profile government office.

Tony is also author of “Make It Happen – A Practical Handbook for Team Leaders, Project Managers and Facilitators to Build, Facilitate and Repair High Performance Teams”.