By attending this webinar you will learn how to build a pay structure with regression analysis, also how to test and integrate your employee pay rates into the new pay structure,Regression analysis is a statistical technique that predicts the level of one variable based on the level of another variable.
In this webinar we will build a pay structure using hypothetical pay survey data.Why should you Attend: Learn how to build a pay structure with regression analysis. Pay lines are created using this technique that form the basis for the establishment of pay range midpoints in the pay structure. These pay lines can be manipulated in consideration of the importance of various job classifications in your organization. Using this method will enable you to explain what you have done, and what it means to your employees.
David J. Wudyka, MBA, is the Managing Principal of Westminster Associates of Wrentham, MA (www.westminsterassociates.net). He has over thirty years experience as a Human Resource Consultant with a specialty in Compensation Consulting. David has taught extensively in colleges and universities such as UMass Boston, Bryant University, and the U.S. Coast Guard Academy. David is especially interested in how the HR Dept. can strengthen its role as a Strategic Partner in businesses today. He is writing extensively about how to improve pay transparency and to reduce the gender pay gap in ways that make sense for businesses of all sizes.