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It covers data analysis and modeling. This section test candidates knowledge of different types of data analysis such as data mining, cluster analysis, and factor analysis. Candidates must demonstrate knowledge on various data models like predictive models, linear regression models, and logistic regression models, and the use of different software applications such as SAS and SPSS.
WorldatWork GR2 exam covers a wide range of topics related to quantitative methods, including data collection and analysis, correlation and regression analysis, time series analysis, and financial analysis. GR2 exam also covers the application of quantitative methods to various compensation and benefits issues, such as pay equity, incentive plan design, and performance management.
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The GR2 exam covers a wide range of topics related to quantitative methods, including statistics, probability, regression analysis, and data visualization. GR2 exam also focuses on how to apply these concepts to real-world HR situations, such as analyzing employee compensation data, assessing the effectiveness of HR programs, and making data-driven decisions.
WorldatWork GR2 (Quantitative Methods) Exam is a widely-recognized certification program for HR practitioners and professionals working on issues related to compensation and benefits management. GR2 exam measures one's ability to apply quantitative methods and techniques, probability and statistics to compensation and benefits processes, data analysis and decision-making. It is designed to help individuals develop the skills they need to create, modify or evaluate compensation programs.
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| Section | Weight | Objectives |
|---|---|---|
| Descriptive Statistics | 25% | - Populations, samples, frequency distributions - Measures of central tendency - Measures of variability and dispersion - Data visualization and avoiding misinterpretation |
| Introduction to Quantitative Concepts | 15% | - Levels of measurement - Role of data in total rewards |
| Time Value of Money | 15% | - Constant midpoint progression - Annuity calculations - Compound interest and growth rates |
| Percentages and Compensation Metrics | 20% | - Application in benefits management - Salary range construction - Compa-ratio, market index, percent difference |
| Forecasting and Modeling | 10% | - Predictive modeling for rewards decisions - Trend analysis |
| Inferential Statistics and Regression | 15% | - Interpretation and application in compensation - Correlation analysis - Simple linear regression |
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