Enhancing Efficiency of Employment By Predicting Compensation Value - - PowerPoint PPT Presentation

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Sep 21, 2022 201 likes •305 views

Enhancing Efficiency of Employment By Predicting Compensation Value of Applicants Team 5 John Liao, Jimmy Wang, Cesar Hsu, Jay Lim Business problem Goal: To minimize cost of recruiting Missing potential talent Finding wrong person

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Enhancing Efficiency of Employment By Predicting Compensation Value of Applicants

Team 5 John Liao, Jimmy Wang, Cesar Hsu, Jay Lim

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Business problem

Goal: To minimize cost of recruiting

Missing potential talent
Finding wrong person

Clients:

HR department of any firm

+ Headhunter companies

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Data Mining Goal

OUTPUT SALARY

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Cutoff value

About to 64,000 (USD)

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Data Description

Classification output: Suitable vs Unsuitable

Input variable: 79 Problems 1. Cultural difference 2. Currency 3. Can not use PPP

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Variable Selection

1. Logistic Regression
2. Gradient Boosted Tree
3. Collinearity Problem
4. Domain Knowledge
Reduce from 240 columns to 79 columns

3 2 1 4

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Methods

What do Ensemble using logistic regression look like in RapidMiner?

1 2

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Evaluation

Ensemble Version with Oversampling Logistic Regression with Oversampling

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Recommendations

1. Working culture in different industries is not considered 2. Some components of compensation can’t be evaluated in this model (such as basic salary, working key performance indicators, bonus, and welfare) 3. Renewing our model is needed after a period of time 4. The observations in our sample is small