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…
Compensation surveys – the ultimate buyer checklist
September 6, 2011 by 2 Comments
Maybe you are expanding into a new country, or you need complementary information on top of the one you already possess in your markets. So you are considering participating to a compensation survey. Beyond the price and reputation of the provider of compensation data, here is a checklist, in no particular order, of what you…
Compensation Data vs Compensation Intelligence
September 4, 2011 by 2 Comments
A few months ago at the request of one of my HR colleagues, I did a little informal presentation on the topic of “Data is not the same as Intelligence” to her team. Her challenge was that her department was tracking a lot of information, but no-one was finding it relevant or useful. They were…
