Download or read book An Analysis of the Proposed Surface Warfare Officer Career Incentive Pay SWOCIP Program Using an Annualized Cost of Leaving ACOL Model written by David E. Nosal and published by . This book was released on 1997 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt: Uses the annual cost of leaving (ACOL) framework to evaluate the potential effectiveness of the SWOCIP program on surface warfare officer (SWO) retention rates.
Download or read book An Analysis of the Proposed Surface Warfare Officer Career Incentive Pay SWOCIP Program Using an Annualized Cost of Living ACOL Model written by David E. Nosal and published by . This book was released on 1997-03-01 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis investigates the effect of the proposed Surface Warfare Officer Career Incentive Pay (SWOCIP) program on the voluntary separation behavior of Navy surface warfare officers using an Annualized Cost of Leaving (ACOL) model. Data provided by the Center for Naval Analyses and the Defense Manpower Data Center (DMDC), Monterey CA, on surface warfare officers are used for this analysis. Multivariate predict models are estimated to predict the effects of the proposed SWOCIP program on the voluntary retention rate of surface warfare officers between six and ten years of service. These estimates are used to calculate the costs and benefits of the SWOCIP program. This thesis finds that the SWOCIP program would increase the voluntary retention rate by 2. 62 percent in the sixth year of service and 1.16 percent in the seventh year of service. The effect would decrease between eight and ten years of service. The calculated savings in accessions are greater then the estimated bonus cost. These calculations indicate, therefore, that the program is cost-effective.
Download or read book An Analysis of the Effects of Increases in Aviation Bonuses on the Retention of Naval Aviators Using an Annualized Cost of Leaving ACOL Approach written by David Riebel and published by . This book was released on 1996-03-01 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt: The objective of this thesis is to develop an Annualized Cost of Leaving (ACOL) model to predict Naval aviator separation decisions in response to changes in aviation bonus pays, specifically Aviation Continuation Pay (ACP) and Aviation Career Incentive Pay (ACIP). The ACOL approach models an individual's decision to stay or leave the military based on the monetary differences between alternative career choices. The individual's 'taste' or preference for military versus civilian life are incorporated into the decision modeling process. The model assumes that individuals will stay in the military if the positive difference between expected military pay and expected civilian pay (the cost-of-leaving) exceeds the distaste for the military lifestyle. Officer Master File (OMF) data from the Defense Manpower Data Center (DMDC) and data developed by Turner (NPS 1995) were used to determine individual characteristics and to compute the present value of the expected military pay stream. Census Bureau data were used to estimate future expected civilians earnings. A logit regression model was developed to simulate the retention of Naval aviators in response to changes in the ACOL due to increases in ACIP or ACP. The results indicate that the proposed increases in either ACIP or ACP are cost effective ways of increasing the retention of Naval aviators.
Download or read book An Analysis of the Effects of Aviation Career Continuation Pay ACCP Using an Annualized Cost of Leaving ACOL Approach written by H. E. Mills and published by . This book was released on 1999-09-01 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. Navy offers financial inducements to its pool of aviators as a retention tool. Navy officials are currently considering replacing the current system of bonus payments, known as Aviation Continuation Pay (ACP), with a revised system known as Aviation Career Continuation Pay (ACCP). ACCP ties annual lump sum payments to accession to seagoing career milestone billets, whereas ACP provides payment only for remaining on active duty. This thesis analyzes retention statistics from the Navy Officer Master File and other data sources to develop an Annualized Cost of Leaving (ACOL) model. The model parameter that designates a monetary equivalent for a predilection to remain in the service was extrapolated into elements of the ACCP program using career progression statistics to project the effect of switching to ACCP on retention. This extrapolation yielded an estimation of a 19.68 percent increase in the likelihood of retention through year of service (YOS) 11 to YOS 20, 29.72 percent from YOS 16 to 20, 13.9 percent from YOS 16 to 25, and 8.86 percent from YOS 21 to 25.
Download or read book Military Cash Incentives DOD Should Coordinate and Monitor Its Efforts to Achieve Cost Effective Bonuses and Special Pays written by Brenda S. Farrell and published by DIANE Publishing. This book was released on 2011 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: Assesses DoD¿s use of cash incentives to recruit and retain highly qualified individuals for service in the armed forces. It: (1) identifies recent trends in DoD's use of enlistment and reenlistment bonuses; (2) assesses the extent to which the services have processes to determine which occupational specialties require bonuses and whether bonus amounts are optimally set; and (3) determines how much flexibility DoD has in managing selected special and incentive pays for officer and enlisted personnel. The report analyzed service data on bonuses and special and incentive pays, and reviewed relevant guidance and other documentation from DoD and the services. Charts and tables. This is a print on demand report.
Download or read book Cost Benefit Analysis of Special and Incentive Pays for Career Enlisted Aviators written by Patricia K. Tong and published by . This book was released on 2021-02-28 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: To justify budgets for special and incentive (S&I) pays for career enlisted aviators (CEAs), the Air Force needs rigorous analyses on how to efficiently set S&I pays for CEAs to achieve and maintain required end strength. The authors of this report develop an analytic capability to calculate the efficient amount of S&I pays for CEAs, using RAND's Dynamic Retention Model to create separate models for each CEA specialty. They use these models to estimate the per capita cost for each CEA specialty under different policies to show the trade-offs between increasing accessions versus retaining more experienced CEAs for a given force size. They also calculate tipping-point values: the values that recruiting and training costs would need to reach in order for retaining more experienced CEAs using selective reenlistment bonuses (SRBs) to become more cost-effective than increasing accessions.
Download or read book Incentive Pay for Remotely Piloted Aircraft Career Fields written by Chaitra M. Hardison and published by RAND Corporation. This book was released on 2012-02-23 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: An econometric assessment of the effectiveness of incentive pays in retaining remotely piloted aircraft pilots and sensor operators. Civilian pilot and sensor operator salaries are higher than those of other officers or enlisted personnel, indicating that incentive pays should be continued, along with reenlistment bonuses, because failure to retain enough personnel would cause serious problems with filling critical positions.
Download or read book The Military Pension Compensation and Retirement of U S Air Force Pilots written by John A. Ausink and published by . This book was released on 1993 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper uses the option value model of Stock and Wise to analyze the departure patterns of a sample of pilots in the United States Air Force. Pilot compensation and the military pension are described, as are some details of the option value model and two other models: the Annualized Cost of Leaving (ACOL) model, which is used by the Department of Defense, and a variant of a dynamic programming model proposed by Daula and Moffitt. The option value model captures departure behavior much better than the ACOL model, and substantially better than the dynamic programming model. The superiority of the option value model to the dynamic programming formulation raises the possibility that individual decision-making may not always be best modeled by a formulation that is intended to capture 'correct' economic financial calculations. This is consistent with findings by Lumsdaine, Stock and Wise for civilians in a Fortune 500 firm.
Download or read book A Predictive Model of Surface Warfare Officer Retention written by Gregory D. Gjurich and published by . This book was released on 1999-03-01 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: Junior Surface Warfare Officer retention is in a crisis. The Surface Warfare Officer community anticipates an inability to fill Department Head billets due to the number of junior Surface Warfare Officers leaving military service. The goal of this study was to predict Surface Warfare Officer retention levels through the validation of a conceptual model from the Surface Warfare Community Manager's office using logistic regression and Classification and Regression Tree analysis. This study utilized data from the Officer Master File and the results from a questionnaire administered to active duty Surface Warfare Officers. Manpower analysts can use this model to predict whether certain groups of officers, with a given set of characteristics, are more likely to remain in military service.
Download or read book Differential Pays for the Armed Services of the United States written by United States. Commission on Incentive-Hazardous Duty and Special Pays and published by . This book was released on 1953 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Design of an Econometric Module to Support the ODCSPER Strength Management Systems Redesign written by Patrick C. Mackin and published by . This book was released on 1998 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book It Pays to Stay in written by and published by . This book was released on 1964 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Design of an Econometric Module to Support the ODCSPER Strength Management Systems Redesign written by Patrick C. Mackin and published by . This book was released on 1998 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study assessed alternative approaches to incorporating an econometric module in ODCSPER's redesigned strength management system. It includes an examination of the operation of the strength management system and an assessment of the analytical needs of strength planners. The study also looked at available econometric methodologies and results available in the literature. These findings were integrated with an evaluation of the major management issues for individual Army personnel communities. Study findings include a recommendation on the module's design specification, with description of key module algorithms and identification of appropriate econometric models and parameters. Other results include an evaluation of existing empirical parameters and recommendations for future econometric research to provide the module with new and improved parameters.
Download or read book Army Aviation Special and Incentive Pay Policies to Promote Performance Manage Talent and Sustain Retention written by Avery Calkins and published by . This book was released on 2023-08-07 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report presents results of an effort to determine how the U.S. Army might modernize special and incentive pays to better reward Army aviators' career advancement while cost-effectively achieving retention objectives.
Download or read book Payment of the Full Rate of Special and Incentive Pays to Members of the Reserve Components written by James V. Marrone and published by . This book was released on 2022-02-09 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this report, the authors consider the feasibility and advisability of paying eligible part-time members of the reserve component the same full monthly rate of special and incentive pays that full-time active component members receive.
Download or read book Retention Incentives and DoD Experience Under the 40 year Military Pay Table written by Beth J. Asch and published by . This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In a multimethod analysis, RAND researchers assess whether the military should continue using its 40-year pay table to retain experienced personnel or whether such retention could be equally achieved with a 30-year pay table.
