Abstract:
In the realm of workforce dynamics and income inequality, the accurate prediction of employee salaries serves as a vital endeavor to foster understanding and address disp...Show MoreMetadata
Abstract:
In the realm of workforce dynamics and income inequality, the accurate prediction of employee salaries serves as a vital endeavor to foster understanding and address disparities. This research paper delves into the development and implementation of a machine learning system aimed at predicting employee salaries. The dataset employed in this study encompasses a comprehensive collection of salary and demographic information, intricately intertwined with years of experience.The dataset’s heterogeneous attributes encompass a spectrum of socio-demographic factors, including age, gender, education, country, and race. This confluence of variables provides an expansive landscape for analysis, enabling researchers to unearth intricate patterns and trends in income distribution across diverse demographic categories. Such exploration facilitates the identification of potential inequalities or variations in earning potential, fostering insights into the interplay between socio-demographic factors and remuneration.The distinct feature of incorporating years of experience within the dataset introduces an additional dimension to the analysis. This dynamic facet empowers researchers to investigate the interrelation between professional tenure and salary levels. By evaluating how income evolves with both demographic characteristics and accumulated work experience, the study offers a holistic perspective on income diversity within today’s workforce.The core objective of this research paper is to devise and implement machine learning algorithms capable of accurately predicting employee salaries based on the amalgamation of socio-demographic attributes and professional experience. Through rigorous analysis and model development, the paper endeavors to unveil the intricate web of factors influencing earning potential. The outcomes of this study hold significant implications for policy makers, businesses, and stakeholders by shedding light on the multifaceted determinants of income dispa...
Date of Conference: 06-08 October 2023
Date Added to IEEE Xplore: 19 December 2023
ISBN Information: