Published online by Cambridge University Press: 23 March 2020
This chapter presents a detailed example that applies the compensation analytics concepts developed in Chapter 6. The reader is assumed to be a compensation consultant charged with evaluating whether gender-based discrimination in pay is present in a public university system in the sciences. Section 7.1 walks through the analysis step-by-step, from formulating the business question, to acquiring and cleaning data, to analyzing the data and interpreting the results from voluminous statistical output in light of the business question. Section 7.2 covers exploratory data mining, causality, and experiments. Exploratory data mining covers situations in which the manager does not know in advance which relationships in the data will be of interest, in contrast to the example in section 7.1 in which a statistical model and specific measures could be constructed that were directly tailored to address the business question at hand. Section 7.2 covers the challenges associated with establishing causality in compensation research and how experiments can sometimes be designed to address those challenges. Randomization and some pitfalls associated with compensation experiments are also covered
To save this book to your Kindle, first ensure no-reply@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.
Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.
Find out more about the Kindle Personal Document Service.
To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.
To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.