This chapter discusses annual salary enhancements for newly hired employees in companies taking on new graduates. It introduces the methodology of conjoint analysis and the coefficient of economic valuation. The proposed coefficient was then applied to the Education-for-Labor Elicitation from Companies' Attitudes towards University Studies project (ELECTUS) survey. First, an ideal profile was obtained by maximizing part-worth utilities. Then, economic variations on the proposed gross annual salary for graduates were computed by using the coefficient. Data referring to the ELECTUS project applied in Lombardy showed the existence of different kinds of attributes declared as cross, specialized or non-binding. In particular, Relevant Work Experience and English Knowledge appeared to be cross-competencies, while Field of Study seemed to indicate a specialized skill.
Mariani, P., Marletta, A., Zenga, M. (2020). Conjoint analysis of gross annual salary re-evaluation: Evidence from Lombardy ELECTUS data. In A. Makrides, A. Karagrigoriou, C.H. Skiadas (a cura di), Data Analysis and Applications 4: Financial Data Analysis and Methods (pp. 199-213). wiley [10.1002/9781119721611.ch12].
Conjoint analysis of gross annual salary re-evaluation: Evidence from Lombardy ELECTUS data
Mariani, P;Marletta, A;Zenga, M
2020
Abstract
This chapter discusses annual salary enhancements for newly hired employees in companies taking on new graduates. It introduces the methodology of conjoint analysis and the coefficient of economic valuation. The proposed coefficient was then applied to the Education-for-Labor Elicitation from Companies' Attitudes towards University Studies project (ELECTUS) survey. First, an ideal profile was obtained by maximizing part-worth utilities. Then, economic variations on the proposed gross annual salary for graduates were computed by using the coefficient. Data referring to the ELECTUS project applied in Lombardy showed the existence of different kinds of attributes declared as cross, specialized or non-binding. In particular, Relevant Work Experience and English Knowledge appeared to be cross-competencies, while Field of Study seemed to indicate a specialized skill.
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