Two uses of LinkedIn Groups for the Compensation professional

In today’s edition of Sunday Skills I want to cover a little-used source of information for Compensation & Benefits professionals. With over 150 million members, LinkedIn is a great repository of knowledge and goodwill. An obvious source of information and expertise is to browse the Answers section and look if anyone has asked a question…

Understanding R-square value in compensation analysis

For this episode of Sunday Skills, I wanted to explain some statistical concepts used by many compensation consultants when they produce compensation analyses for their clients.Very often, the results are presented “raw”, with a nice graph and a R2 or R-square value (or a series of values) mentioned on the side. But many HR Generalists,…

Get laser-focused Compensation information with Alerts

In today’s edition of Sunday Skills, I want to complement a recent post I made about RSS and how subscribing to different blogs, online newspapers / magazines and other websites can help a Compensation manager maintain their skills and industry knowledge – for free, in a just a few minutes per day. Google Alerts complement…

Create the best rules in Outlook to boost your productivity

Beginning of the year, we all come back full of good intentions. In today’s Sunday Skills, I want to show you how to easily set up rules to manage the inflow to your Outlook inbox. The steps are very simple and explained in this presentation : What matters really, is how you can use these…

How to compare average and median salary information

I recently described how to calculate a percentile. Today I will clarify the difference between the average and the median. Technically, the average is the sum of all data points, divided by the number of data points. The median is the 50th percentile, or the value that splits the data points in two equal groups…

4 skills to master for influential Compensation and Benefits

One of my first posts was about the fact that we need to move from compensation data to compensation intelligence. This is really one of my areas of interest as I believe it is one of the main ways that we can get real attention from the business – by talking the same language as…

How to use vlookup in Excel

In today’s Sunday Skills I will cover one of the most useful functions in Excel for the Compensation Manager. Vlookup is like an advanced copy/paste function, which automatically copies for you only the information for data which is present in both files  (the main file and the source file). For example, imagine you are participating…