Understanding 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.
Dashboard Example (sample data)
Click on the image to open and interact with the dashboard:
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.
The following resources will enable you to design your dashboard and data model with sample
data and then apply it to your own data. Note that you will need to have a previously
installed version of Sisense (you can use the free trial version if you’re
not a customer).