Challenge and Opportunity
A Keiter Technologies Client and construction company was seeking a new way to better supports it compensation and bonus structure.
- Clear and consistent compensation/bonus structure in the construction industry are essential to retaining employees.
- The company wanted to add transparency and accountability to the process by developing a model that tracked time and employee outputs that factored into the compensation process.
- Using R and Microsoft Power BI, the team migrated all the company’s employee data into PowerBi so that everybody could gain value from it.
- In addition to the cleaned data, the company was able to use outputs from statistical models create in R to address geographical disparities.
The new program provided the company with clean data in which to make better informed decisions related to employee compensation and bonus structures.
About the Author
The information contained within this article is provided for informational purposes only and is current as of the date published. Online readers are advised not to act upon this information without seeking the service of a professional accountant, as this article is not a substitute for obtaining accounting, tax, or financial advice from a professional accountant.