Quantitative Analysis- The QA area prepares managers and executives to effectively integrate quantitative analysis into their decision making. This includes learning when and how to skillfully employ quantitative techniques skillfully to gain insights into the resolution of practical business problems. Students design analyses to fit circumstances and interpret results in the context of action choices. The most widely applicable methodologies in decision and risk analysis, forecasting and data analysis, probability and statistics, competitive analysis, optimization and management science are studied and applied in realistic case situations. QA faculty members have applied research interests spanning all of the functional areas of business and pursue research whose origins are firmly rooted in the problems of practicing managers.
The elements of compensation are analyzed quantitatively on the basis of the following pay anchors,
- Total Fixed Cash Compensation (TFCC): This is a summation of basic salary, all fixed cash allowances and any guaranteed payments made to employees.
- Total Variable Pay (TVP): This refers to any bonus, long term/ short term incentive payments made to an individual directly linked with company and/or individual performance.
- Total Cash Compensation (TCC): This is a summation of all pay components paid in cash whether fixed or variable and is computed by adding up Total Fixed Cash Component and Total Variable Pay. All benefits paid to the employees are over and above this.
- Pensions: This includes any long term contributions made for a retirement or superannuation plan.
Apply for Compensation and Benefits Certification Now!!
http://www.vskills.in/certification/Certified-Compensation-and-Benefits-Manager
