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WorldatWork GR2 Exam Syllabus Topics:

SectionObjectives
Statistical Methods in Compensation Analysis- Correlation concepts
  • 1. Strength of correlation
    • 2. Relationship between variables
      - Regression analysis
      • 1. Trend line interpretation
        • 2. Simple linear regression
          Market Pricing and Salary Surveys- Survey data usage
          • 1. Benchmarking compensation data
            • 2. Survey validity and reliability
              - Market positioning
              • 1. Compa-ratio analysis
                • 2. Percentiles (P25, P50, P75)
                  Pay Structure Design and Analysis- Salary ranges
                  • 1. Grade structures
                    • 2. Range spread and midpoint
                      - Internal equity analysis
                      • 1. Pay equity comparisons
                        • 2. Job evaluation alignment
                          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

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