Need to do a simple analysis around pay and experience fairness.
Two project managers managing exactly same kind of projects and have similar performance levels:
PM 1 -> Pay $130,000 ; Experience 15 years;
PM2-> Pay $80,000 ; Experience 3 years;
I want a mathematical way of analyzing if the person getting paid $80,000 is being under payed.
Now I know there are industry standards and charts available. I want to do something that may not be perfect but gives a sense.
How much weight should be given to experience and can this be factored in mathematically?
Please dont get hung up on accuracy. I want a logical analysis method that does not need to be entirely accurate.
Also, where can I find industry charts comparing pay and experience
posted by r2d2
on Mar 3, 2012 -
I'm starting a new job soon where I will be using Matlab a whole lot. I've used Matlab (and Octave) before and know the basics, but I want to become an expert. What book should I buy, or what other resources should I look into? [more inside]
posted by no regrets, coyote
on Jan 27, 2012 -
What is Multivariable Testing, really? It was mentioned in this NYTimes article, but the term is only ever used in relation to QualPro, Inc.. What is the real mathematical/statistical technique they're using? Is this related to the Taguchi Method? Can someone explain it to me?
posted by joshwa
on Sep 19, 2006 -