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 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 Pay and Retention of Marine Corps Aviators written by Peter F. Kostiuk and published by . This book was released on 1985 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report investigate the effect of pay on the retention of Marine Corps aviators. It uses a simplified version of the annualized cost of leaving (ACOL) model to estimate the impact of pay changes on the voluntary attrition of Marine aviators. The estimated pay effects are then used to evaluate the potential effect of three recent proposals to adjust the structure of Aviation Career Incentive Pay (ACIP). The analysis found that pay does have a significant effect on aviator retention. The estimated elasticity of attrition with respect to the pay differential is -0.26.(The elasticity gives the percentage change in attrition for a 1-percent change in pay.) The three proposed changes to ACIP evaluated by CNA would eliminate ACIP for officers with over 25 years of service (YOS), 20 YOS, or 12 YOS. Table I shows the associated costs and benefits of each alternative. The benefits are reduced ACIP payments, and the cost is the expense of training replacement pilots for those who will leave the military because of the pay change. The estimates show that each proposal will actually increase total expenditures once the replacement training costs are included. The aviator's decision to stay in the Marine corps is analyzed as an occupational choice, in which an individual chooses among a set of career opportunities, selecting the career that maximizes discounted lifetime earnings. For this study of aviators, the value of continuing in a military career is compared to the potential earnings of civilian airline pilots. Data form the military pay tables and on the average salaries of civilian airline pilots are used to calculate the expected present value of earnings over different lengths of time.

Download or read book Training Costs for Junior Surface Warfare Officers written by Michael D. Makee and published by . This book was released on 1999 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: Current Surface Warfare Officer (SWO) retention is well below the level needed to staff Department Head billets in the Fleet. The Navy is developing a career incentive pay to stem the flow of SWOs leaving the Navy and increase retention. The purpose of this thesis is to capture the training costs of junior Surface Warfare Officers that occur between commissioning and qualifying as a SWO. This thesis also explains the economic theory of specific training and its relevance to the wage streams offered to SWOs. This thesis estimates the training cost of qualifying a SWO to be $80,194.