Author: Clayton Wallis
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Uneven changes in Wages by State September 2023 to September 2024
New Jersey showed an average weekly wage increase of 3.2% from September 2023 to September 2024 which was next to the lowest increase of 3.0% for Michigan for the same period as illustrated below in the Graph from the BLS. Clicking on the graph below will link to the BLS site where the Individual Percent…
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Gender Wage Mobility Issues
The discussion below contains excerpts from the book Human Capital Systems, Analytics and Data Mining. In Data Analytics a Dependency Network uses statistical analysis and data to create graphs of relationships between group nodes and their corresponding dependencies. In the dependency network view shown below, the strongest links are shown by connectors from attribute categories…
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Employee Salary Range Distribution Analysis
An excerpt from Human Capital Systems, Analytics and Data Mining Distribution of Employees across Salary Ranges is important in Compensation, and in general Human Capital Employee Asset Management. Typically, Salary Ranges or Pay Grades are divided into four segments referred to as Quartiles. The middle point of the Salary Pay Grade Range Employees is referred…
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Geographic Salary Differentials
Geographic pay differentials are used to pay varying rates for jobs in different geographic locations eg San Francisco vs Modesto, California. Primarily the practice is justified based on such factors as cost of living and differences in pay for occupations between different states, cities, towns and other geographic areas. Differences in Labor Market Rates across…