High Level Design
OverviewUnderstanding how the salary our company pays compares to what competing employers provide their employees in similar positions, in the same area or market, gives us insight into the competitiveness of our company as a potential employer and the level of temptation for existing employees to leave our company in favor of better paid jobs elsewhere. Companies want to ensure that they offer a salary that is fair and competitive on the one hand, while avoiding inflated salary costs on the other hand. Comparing our salary rate with those offered in the industry will provide these insights.
Attract and retain talent by offering an attractive salary package to our employees.
- Offer our employees competitive salary which is between 5-10% above the industry averages.
- Identify which covariate has significant impact on the probability to win a deal.
|Offer employees a competitive salary (between 5-10% above the industry averages)||Salary Competitiveness Ratio (SCR)
Formula: Salary offered by our company / Salary offered by competitors
|Number of Employees by Gender / Level
Formula: Count Employee ID.
|Our Avg. Salary compared to Competitors
Average Employee Annual Salary,
Average Position Annual Salary.
|Salary Distribution across our Departments
Formula: Minimum, first quartile, median, third quartile, and maximum of our Salaries
|Identify which covariate has significant impact on the probability to win a deal||Win rate per dimension||Average(Win Rate) per dimension’s value||Survey Results; Client; Account Manager|
|#||Source||Table Name||Table Details (Type, # of Rows, Key field/s)|
|1||[ERP System]||fact_Position_Benchmark_Vendors||Contains annual salary data acquired from vendors providing industry HR data.|
|2||[ERP System]||fact_Employee_Salary||Contains our companies list of positions and payings across our departments, with history.|
|3||[ERP System]||dim_Positions||Contains the list positions, departments and level within the organization.|
|4||[ERP System]||dim_Gender||Contains the list of genders|
Data Modeling (Elasticube Design)