Client Introduction
- The client has a software company with a platform for users to evaluate and compare pay structures and policies of different multinational companies (MNCs).
- Their goal is to provide valuable insights to users by analyzing executive compensation data from annual reports.
Requirements & Specifications
- The client requires research and analysis of MNCs’ management/executive pay structures.
- Data points include annual compensation, plan-based awards, outstanding awards, pension details, pay ratios, and awards policies.
Solutions
- We collected data from MNCs’ annual reports, focusing on executive compensation.
- Excel file data was uploaded in the backend for further analysis.
Process
Data Collection:
- Extracted relevant information from annual reports.
- Organized data into a structured format.
Categorization and Comparison:
- Categorized data by company, incentive type, and award classification.
- Comparison of pay structures across companies.
Visual Representation:
- Created charts and graphs to represent pay components.
- Used tables for detailed comparisons.
Challenges Faced & Solved
Data Complexity:
- Some data points were intricate (e.g., vesting schedules, performance indicators).
- Solution: Developed clear definitions and explanations for each data category.
Data Consistency:
- Different reporting formats across MNCs.
- Solution: Standardized and structured data for accurate comparisons.
Work Volume, Quality, Accuracy, and Turnaround
Work Volume:
- Analyzed data from multiple MNCs.
- Ensured comprehensive coverage.
Quality and Accuracy:
- Rigorous validation and cross-checking.
- Minimized errors.
Turnaround Time:
- Efficient data processing.
- Met project deadlines.
Conclusion
- Our research provides valuable insights into MNCs’ executive pay structures.
- Users can now evaluate and compare compensation policies effectively.
- The software platform enhances transparency and informed decision-making.