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WorldatWork GR2 Exam Syllabus Topics:

SectionObjectives
Topic 1: Fundamentals of Quantitative Analysis in Compensation- Data interpretation
  • 1. Outliers and data quality
    • 2. Distribution concepts
      - Descriptive statistics
      • 1. Mean, median, mode
        • 2. Variance and standard deviation
          Topic 2: Pay Structure Design and Analysis- Internal equity analysis
          • 1. Pay equity comparisons
            • 2. Job evaluation alignment
              - Salary ranges
              • 1. Grade structures
                • 2. Range spread and midpoint
                  Topic 3: Statistical Methods in Compensation Analysis- Regression analysis
                  • 1. Simple linear regression
                    • 2. Trend line interpretation
                      - Correlation concepts
                      • 1. Strength of correlation
                        • 2. Relationship between variables
                          Topic 4: Market Pricing and Salary Surveys- Market positioning
                          • 1. Percentiles (P25, P50, P75)
                            • 2. Compa-ratio analysis
                              - Survey data usage
                              • 1. Benchmarking compensation data
                                • 2. Survey validity and reliability

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