Overview of Employee Data Analysis In this analysis, we delve into the intricacies of employee data sourced from a company, exploring various facets such as data structure, demographics, tenure, attrition, salary compensation, and inter-company comparisons.
Data Exploration and Preprocessing: We initiated our exploration by scrutinizing the data's structure and addressing missing values. Additionally, we adjusted certain data types to enhance analysis, ensuring an accurate representation of categorical variables.
Demographic Insights: Our examination of demographic aspects focused on the age distribution of employees and its variations across different departments. Visualizations, like histograms and bar plots, helped us comprehend the age dynamics while calculating average ages by department provided additional insights.
Employee Tenure and Attrition: A novel approach was taken to understand employee tenure by calculating it as the sum of years in the company and age, minus the age when joined. A histogram illuminated the distribution of employee tenure, while attrition analysis shed light on employees who left, presenting a breakdown by department and average tenure.
Salary Compensation Exploration: We delved into salary statistics, utilizing visual aids such as boxplots, scatter plots, and correlation analysis. Regression analysis uncovered the relationship between salary and prior years of experience, offering valuable insights into compensation structures.
Comparative Analysis Across Companies: Our comparative analysis focused on discerning differences in salary, age distribution, and employment types across companies. Average salaries were juxtaposed, and visualizations showcased age and years of experience distributions. A detailed exploration of employment types (full-time, part-time, and contractor) rounded out our investigation.
Additional Visualizations: To further enrich our understanding, we suggested exploring boxplots of salary by department, histograms illustrating annual bonus distribution, and a correlation heatmap.
Conclusion: This exploration provides valuable insights into the intricate landscape of employee data. By understanding demographics, tenure dynamics, attrition patterns, and salary structures, organizations can make informed decisions to enhance workforce management and strategic planning.