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WorldatWork GR2 Exam Syllabus Topics:

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