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This Is a Special Language Used to Write Computer Programs

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This is a special language used to write computer programs.

Understand the role of benchmark jobs in calibrating job evaluations with the market.
Appreciate the implications of broad banding on pay grades.
Grasp the significance of factor weightings and methods for deriving them in job evaluations.
Understand compensable factors and their impact on equity and compliance with pay equity legislation.

Definitions:

Finite Population Correction Factor

The term \( \frac{(N - n)}{(N - 1)} \) that is used in the formulas for s_x and s_p whenever a finite population, rather than an infinite population, is being sampled. The generally accepted rule of thumb is to ignore the finite population correction factor whenever n/N ≤ .05.

Standard Error

The standard deviation of the sampling distribution of a statistic, most commonly of the mean.

Computing

Computing refers to the process of utilizing computer technology to complete a task or solve problems.

Sample Mean

The average calculated from a sample set of data, used as an estimate of the population mean.

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