Understanding and Applying Statistics in the Employment Environment
April 22 , 2008 (8:00am - 5:00pm)
Overview
It is imperative that federal contractors understand and use sound and methodical processes for analyzing data to ensure compliance with federal regulations, but more importantly, to monitor institution’s good faith efforts to promote equal opportunity and diversity. The data must also be examined for the purposes of anticipating and identifying potential vulnerabilities, to respond to federal audits, to guard against the perception of bias, and ultimately, to protect the organization against legal challenges.
The course is designed for human resource professionals and compliance officers with responsibility in the areas of affirmative action and equal opportunity.
The primary objective of the course is to provide an introduction to basic statistical concepts, and their relevance in the employment environment. The course content will help participants to develop a framework for conducting and analyzing quantitative analysis.
Participants will develop an understanding of descriptive and inferential statistics, including mode, median, mean, central tendency, variation, range, variance, and standard deviation. The discussion will touch upon other statistical methods used in compensation analysis, including basic regression models. The course content will focus on statistical applications in four areas:
- Affirmative Action Plans, including trend analysis for workforce planning, estimating weighted availability, and underutilization analysis.
- Impact Ratio Analysis
- Compensation Analyses
- Discrimination analysis
No previous knowledge of statistics is expected