Naval Aviation utilizes the Aviation Career Continuation Pay (ACCP) as a means to retain qualified aviators to meet manpower requirements. However, the current program has failed to meet targeted retention across communities while overpaying nearly $5,300,000 during FY-2013, according to Eric Kelso. This thesis examines the potential improvements of applying uniform-price auction, Quality Adjusted Discount (QUAD), and Combinatorial Retention Auction Mechanism (CRAM) compensation programs to replace the current bonus system. Incorporating survey results from 2,316 naval officers across Navy Aviation, we analyzed the impact that market-based mechanisms would have on quantity, quality, and cost for retained naval aviators. Using these responses, we developed individual quality scores and reservation prices to apply three auction mechanisms to the retention goals and costs of the FY-2013 ACCP program. Our research shows that a market-based auction could include improvements in cost, quality, and particularly quantity of aviators eligible for the Department Head Screen Board. The uniform-price auction meets all retention objectives across Navy Aviation, while reducing costs in some communities by $1,250,000. The QUAD auction improves the average quality of aviators retained under the uniform-price auction while CRAM demonstrates that non-monetary incentives provide aviators means to remain in service while lowering overall costs to the Navy.
Evaluation of Aviation Career Pay Incentives Among the Naval Aviation Enterprise Utilizing Auction Mechanisms
2015
183 pages
Report
No indication
English
Management Practice , Personnel Management, Labor Relations & Manpower Studies , Military Sciences , Compensation , Cost analysis , Naval personnel , Aeronautics , Careers , Combinatorial analysis , Demography , Interpersonal relations , Linear regression analysis , Manpower , Military requirements , Naval aviation , Personnel development , Personnel retention , Salaries , Scoring , Surveys , Theses
The Wings of Naval Aviation series: Naval Aviation Observer
Online Contents | 1996
The Wings of Naval Aviation series: Naval Aviation Observer
British Library Online Contents | 1996
Engineering Index Backfile | 1951
|Engineering Index Backfile | 1924
|TIBKAT | Nachgewiesen 1947 - 52.1971,Jan.-Nov.; 54.1971/72 -
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