Descriptive Analytics and Rewards Modelling

Descriptive Analytics and Rewards Modelling for a Private Insurance Company

Key Objectives :

Descriptive Analytics & Reward Modelling

Key Findings

Employees with Vintage xxxxxx experience from 6-12 years numbering yyy are reflected as below median compensation while demonstrating consistently superior performance with average rating (1) ie HP over 3 years; conversely there are x employees reflected as significantly above median who have consistently underperformed last 3 years

Descriptive Analytics & Reward Modelling

Grade x reflects a significant variation in Compensation of employees with similar performance with similar vintage in grade: Vintage in grade 4-6 years reflects a compensation range from 820K to 910K at Performance Rating 1(HP) while vintage in grade 6-8 years reflects a compensation range from 930K to 111K

Significant variance in compensation with similar performance levels over 3 years and similar number of years served within the grade

Descriptive Analytics & Reward Modelling
Descriptive Analytics & Reward Modelling
Descriptive Analytics & Reward Modelling

Other Areas of Investigation

Descriptive Analytics & Reward Modelling

Out of xxx employees who are below median compensation in Grade y; 63% (181) are with highest average performance rating (1)

Compensation distribution of employees with reference to average performance rating within a Grade

Descriptive Analytics & Reward Modelling

Shows compensation median for Grade y across the dataset

Descriptive Analytics & Reward Modelling