Understanding HR statistics is vital for making sound decisions about both current and future roles. SDy (standard deviation from the mean) can make a substantial contribution in your decision making; it measures performance difference between candidates or incumbents for roles, in dollar terms. If your selection process has come down to two candidates and one stands out above another, SDy will assist in determining how much additional you are willing to pay for this candidate.
SDy can also help when reviewing a training program to assess whether it will raise employee performance enough to justify its initial outlay. Although SDy is usually applied to selection questions and training programmes, it can also be used as a means of measuring incumbent effectiveness within their current roles.
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