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Design Salary Structure with Regression Analysis [Part 2 of 3]

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Design Salary Structure with Regression Analysis [Part 2 of 3]

Topic: Excel Function – Design Salary Structure with Regression Analysis (Simplified Version)
Function: Regression Analysis, Combo Chart
Business Scenario: You need to create a salary structure with Regression Modelling

***Content***
Part 1
Overview – Design Key Steps:
1 Prepare market benchmark job salary data by job grade
2 Create regression model from benchmark job data
3 Use regression line to anchor salary structure mid-point
4 Use assumed band width and level progression % to develop the full structure
5 Make adjustment until satisfied

Part 2
Demonstration – How to create regression line and graphs step by step

Part 3
Discussion – Adjustment can be applied based on the following consideration:
1 Market data adjustment, survey selection, job selection, percentile selection, etc.
2 Band width
3 Level progression
4 Regression model selection
5 Actual employee salary spread
6 Compa ratio
7 Market competitiveness
8 Legislative requirement
9 Budget
10 Business/Strategy considerations

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00:01 hello everyone today is part 2 for the

00:05 design salary structure with regression

00:08 analysis widows so as I promised I would

00:11 give you a live demonstration of how I

00:14 created the salad structures step by

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