Skip to main content
Top

2021 | OriginalPaper | Chapter

Well-Being and Efficiency in Financial Sector Analyzed with Multiclass Classification Machine Learning

Activate our intelligent search to find suitable subject content or patents.

search-config
loading …

Abstract

The main research goal is the identification of the most important well-being parameters determining worker’s efficiency in the financial sector from 2005 until 2020 in the time of great changes in the socio-economic situation in Slovenia. Data were collected in 2005, 2010, 2015, and 2020 - key periods of important milestones in economic growths and declines in Slovenia for 2723 financial workers. All data are analyzed using the ML classification method to identify the most important attributes (well-being parameters) determining worker’s efficiency. To prevent possible overfitting and/or underfitting there is a prescribed adequate tree depth for each decision tree as an additional domain knowledge added to the presented ML solution. We chose a binary decision tree learning, that is simple to understand and interpret with an ability to handle both numerical and categorical data.
Decision trees generated with the ML classification show, that workers with low efficiency (estimated as “poor” or “inadequate”) were mostly out of work. In 2005 the most important influential factor was psychological fatigue. From 2010 to 2020, physical fatigue was the most important influential factor.
External socio-economic factors determine the level of well-being and efficiency. Adequate level of well-being is the basis of workers’ efficiency and their health. The conclusions are based on the data from 2005 to 2020. Presented approach based on implementation of ML is a tool for identification of gripping points for intervention at work to maintain adequate level of workers well-being in a new working reality.

Dont have a licence yet? Then find out more about our products and how to get one now:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

  • über 102.000 Bücher
  • über 537 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Maschinenbau + Werkstoffe
  • Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Springer Professional "Technik"

Online-Abonnement

Mit Springer Professional "Technik" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 390 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Maschinenbau + Werkstoffe




 

Jetzt Wissensvorsprung sichern!

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 340 Zeitschriften

aus folgenden Fachgebieten:

  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Versicherung + Risiko




Jetzt Wissensvorsprung sichern!

Literature
3.
go back to reference JHSPH: From Evidence to Practice: Workplace Wellness that Works. Institute for Health and Productivity Studies (Johns Hopkins Bloomberg School of Public Health (JHSPH), Johns Hopkins Baltimore, MD, Baltimore, Maryland, USA). Johns Hopkins University (2015) JHSPH: From Evidence to Practice: Workplace Wellness that Works. Institute for Health and Productivity Studies (Johns Hopkins Bloomberg School of Public Health (JHSPH), Johns Hopkins Baltimore, MD, Baltimore, Maryland, USA). Johns Hopkins University (2015)
5.
go back to reference Chaitra, P., Kumar, D.R.S.: A review of multi-class classification algorithms. Int. J. Pure Appl. Math. 118(14), 17–26 (2018) Chaitra, P., Kumar, D.R.S.: A review of multi-class classification algorithms. Int. J. Pure Appl. Math. 118(14), 17–26 (2018)
6.
go back to reference Molan, G., Molan, M.: Formalization of expert AH model for machine learning. Frant. Artf. Intell. Appl. 82 (2002) Molan, G., Molan, M.: Formalization of expert AH model for machine learning. Frant. Artf. Intell. Appl. 82 (2002)
8.
go back to reference Burgess-Limerick, R.: Participatory ergonomics: evidence and implementation lessons. Appl. Ergon. 68, 289–293 (2018) Burgess-Limerick, R.: Participatory ergonomics: evidence and implementation lessons. Appl. Ergon. 68, 289–293 (2018)
9.
go back to reference Ohn-Bar, E., Trivedi, M.M.: To boost or not to boost? On the limits of boosted trees for object detection. In: 2016 23rd International Conference on Pattern Recognition (ICPR), pp. 3350–3355. IEEE (2016) Ohn-Bar, E., Trivedi, M.M.: To boost or not to boost? On the limits of boosted trees for object detection. In: 2016 23rd International Conference on Pattern Recognition (ICPR), pp. 3350–3355. IEEE (2016)
10.
go back to reference Biswas, S., Blanton, R.D.: Statistical test compaction using binary decision trees. IEEE Des. Test Comput. 23(6), 452–462 (2006)CrossRef Biswas, S., Blanton, R.D.: Statistical test compaction using binary decision trees. IEEE Des. Test Comput. 23(6), 452–462 (2006)CrossRef
11.
go back to reference Li, X., Ye, N.: Decision tree classifiers for computer intrusion detection. J. Parallel Distrib. Comput. Pract. 4(2), 179–190 (2001)MathSciNet Li, X., Ye, N.: Decision tree classifiers for computer intrusion detection. J. Parallel Distrib. Comput. Pract. 4(2), 179–190 (2001)MathSciNet
12.
go back to reference Bender, EA., Williamson, S.G.: Lists, decisions and graphs (2010) Bender, EA., Williamson, S.G.: Lists, decisions and graphs (2010)
Metadata
Title
Well-Being and Efficiency in Financial Sector Analyzed with Multiclass Classification Machine Learning
Authors
Gregor Molan
Marija Molan
Copyright Year
2021
DOI
https://doi.org/10.1007/978-3-030-74602-5_101