Relationship between timing of multiple retention bonuses and the quality of officers retained on the cost savings for the Navy

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dc.contributor.advisorMyung, Noah
dc.contributor.authorCassels, Marley E.
dc.contributor.corporateDepartment of Defense Management (DDM)
dc.contributor.departmentGraduate School of Business and Public Policy (GSBPP)
dc.contributor.secondreaderGates, William
dc.dateDec-16
dc.date.accessioned2017-02-09T00:03:07Z
dc.date.available2017-02-09T00:03:07Z
dc.date.issued2016-12
dc.description.abstractThe surface warfare community has recently increased bonus amounts in an attempt to reward quality performance and retain superior officers. Simultaneously, the community has started to offer alternative programs and incentives that might appeal to those officers who desire a flexible career. We used survey information to determine which of these were the most appealing to the community in a way that might provide cost savings to the military when provided in conjunction with an auction bonus system. Using the standard bonus system compared to the uniform price auction, the Quality Adjusted Discount (QUAD) auction, and Combinatorial Retention Auction Mechanism (CRAM), we determined which would be most effective for maintaining quality officers in the community while meeting retention objectives and providing cost savings. We found that a quality auction system could provide cost savings as much as $1,850,000 or could increase costs by as much as $2,081,250, depending on community retention levels, even with increased individual bonus amounts. Additionally, from survey responses we were able to discern additional non-monetary incentives that surface warfare officers desire, which could be used to improve retention of quality officers in the future.en_US
dc.description.distributionstatementApproved for public release; distribution is unlimited.
dc.description.serviceLieutenant, United States Navyen_US
dc.description.urihttp://archive.org/details/relationshipbetw1094551664
dc.identifier.urihttps://hdl.handle.net/10945/51664
dc.publisherMonterey, California: Naval Postgraduate Schoolen_US
dc.relation.ispartofseriesMaster of Business Administration (MBA) Professional Reports
dc.rightsThis publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.en_US
dc.subject.authorSurface Warfare Officeren_US
dc.subject.authorSWOen_US
dc.subject.authorofficer retentionen_US
dc.subject.authorDHRBen_US
dc.subject.authorRJCSRBen_US
dc.subject.authorSWO bonusen_US
dc.subject.authorcontinuation payen_US
dc.subject.authorQUADen_US
dc.subject.authorCRAMen_US
dc.titleRelationship between timing of multiple retention bonuses and the quality of officers retained on the cost savings for the Navyen_US
dc.typeThesisen_US
dspace.entity.typePublication
etd.thesisdegree.disciplineBusiness Administrationen_US
etd.thesisdegree.grantorNaval Postgraduate Schoolen_US
etd.thesisdegree.levelMastersen_US
etd.thesisdegree.nameMaster of Business Administrationen_US
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