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An Analysis Of The Retention Effect Of Using Lump Sum Payments For The Us Marine Corps Selective Reenlistment Bonus Program
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Book Synopsis An Analysis of the Retention Effect of Using Lump Sum Payments for the U.S. Marine Corps Selective Reenlistment Bonus Program by : David L. Ross
Download or read book An Analysis of the Retention Effect of Using Lump Sum Payments for the U.S. Marine Corps Selective Reenlistment Bonus Program written by David L. Ross and published by . This book was released on 2000 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis examines the estimated effects on enlisted retention in the Marine Corps of changing the Selective Reenlistment Bonus (SRB) payment method to lump sum. The thesis surveys the literature on personal discount rates (PDR) and on models of enlisted retention. The thesis analyzes the potential effect of the payment method on retention of Zone A eligible personnel using a range of PDRs and retention elasticities estimated by the Center for Naval Analyses. The NPV of a lump sum payment was compared to that of the current payment method using the actual SRB multiples for each USMC Occupational Field. The results indicate Zone A first-term Marine retention will increase between 6. 8 percent and 11.7 percent if the SRB payment were made in lump sum. The effect of switching to a lump sum payment was also analyzed using the Annualized Cost of Leaving (ACOL) model. The ACOL model estimates reinforced the estimates predicted by this thesis. Finally, a Monte Carlo simulation was run in Microsoft Excel to estimate the probabilities of attaining a given number of Marines across all Occupational Fields. The Monte Carlo simulation runs show an increased probability of obtaining a given number of first-term Marines by changing the SRB payment method to lump sum.
Book Synopsis An Analysis of the Effect of Using Lump Sum Payments for the U. S. Marine Corps Selective Reenlistment Bonus Program by : David L. Ross
Download or read book An Analysis of the Effect of Using Lump Sum Payments for the U. S. Marine Corps Selective Reenlistment Bonus Program written by David L. Ross and published by . This book was released on 2000-03-01 with total page 93 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis examines the estimated effects on enlisted retention in the Marine Corps of changing the Selective Reenlistment Bonus (SRB) payment method to lump sum. The thesis surveys the literature on personal discount rates (PDR) and on models of enlisted retention. The thesis analyzes the potential effect of the payment method on retention of Zone A eligible personnel using a range of PDRs and retention elasticities estimated by the Center for Naval Analyses. The NPV of a lump sum payment was compared to that of the current payment method using the actual SRB multiples for each USMC Occupational Field. The results indicate Zone A first-term Marine retention will increase between 6. 8 percent and 11.7 percent if the SRB payment were made in lump sum. The effect of switching to a lump sum payment was also analyzed using the Annualized Cost of Leaving (ACOL) model. The ACOL model estimates reinforced the estimates predicted by this thesis. Finally, a Monte Carlo simulation was run in Microsoft Excel to estimate the probabilities of attaining a given number of Marines across all Occupational Fields. The Monte Carlo simulation runs show an increased probability of obtaining a given number of first-term Marines by changing the SRB payment method to lump sum.
Book Synopsis An Analysis of the Effect of the U. S. Marine Corps' Lump Sum Selective Reenlistment Bonus Program on Reenlistment Decisions by : Robert W. Barry, Jr.
Download or read book An Analysis of the Effect of the U. S. Marine Corps' Lump Sum Selective Reenlistment Bonus Program on Reenlistment Decisions written by Robert W. Barry, Jr. and published by . This book was released on 2001-12-01 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis analyzes the effect of the United States Marine Corps instituting a lump sum Selective Reenlistment Bonus (SRB) Program on reenlistment decisions of first-term enlisted Marines, Between fiscal year 1982 and fiscal year 2000, Zone A reenlistees were paid 50 percent of their SRB on the date of reenlistment, and the remaining 50 percent was paid in annual installments over the reenlistment contract period. In fiscal year 2001, under the new program Marines received 100 percent of the SRB upon reenlisting The thesis surveys the literature on models of enlisted retention, The thesis empirically examines the impact of personal characteristics, civilian pay, unemployment, and the lump sum bonus on reenlistment decisions, Marine retention probabilities under the lump sum payment program are compared to the probabilities under the standard partial-annuity payment system The results show that the lump sum bonus is associated to a 5,8 percentage point increase in the reenlistment probability, A one-level increase in the SRB multiple during fiscal year 2001 is related to a reenlistment rate increase of 2,6 percentage points,
Book Synopsis Cash Incentives and Military Enlistment, Attrition, and Reenlistment by : Beth J. Asch
Download or read book Cash Incentives and Military Enlistment, Attrition, and Reenlistment written by Beth J. Asch and published by RAND Corporation. This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This monograph provides an empirical analysis of the enlistment, attrition, and reenlistment effects of bonuses, applying statistical models that control for such other factors as recruiting resources, in the case of enlistment and deployments in the case of reenlistment, and demographics. Enlistment and attrition models are estimated for the Army and our reenlistment model approach is twofold. The Army has greatly increased its use of reenlistment bonuses since FY 2004, and we begin by providing an in-depth history of the many changes in its reenlistment bonus program during this decade. We follow this with two independent analyses of the effect of bonuses on Army reenlistment. As we show, the results from the models are consistent, lending credence to the robustness of the estimates. One approach is extended to the Navy, the Marine Corps, and the Air Force, to obtain estimates of the effect of bonuses on reenlistment for all services. We also estimate an enlistment model for the Navy. The estimated models are used to address questions about the cost-effectiveness of bonuses and their effects in offsetting other factors that might adversely affect recruiting and retention, such as changes in the civilian economy and frequent deployments"--P. iii.
Book Synopsis Status of Military Readiness by : United States. Congress. Senate. Committee on Armed Services
Download or read book Status of Military Readiness written by United States. Congress. Senate. Committee on Armed Services and published by . This book was released on 2002 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Department of Defense Authorization for Appropriations for Fiscal Year 1981 by : United States. Congress. Senate. Committee on Armed Services
Download or read book Department of Defense Authorization for Appropriations for Fiscal Year 1981 written by United States. Congress. Senate. Committee on Armed Services and published by . This book was released on 1980 with total page 1402 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Attitudes Aren't Free by : James E. Parco
Download or read book Attitudes Aren't Free written by James E. Parco and published by Enso Books. This book was released on 2010 with total page 557 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Attitudes Aren't Free offers a framework for improving policy in the areas of religious expression, open homosexuality, race, gender, ethics, and other current issues affecting military members. Parco and Levy provide us with a unique and robust discussion of divisive topics that everyone thinks about serving our nation - in and out of uniform - becoeme intimately familiar with this book."--P. [4] of cover.
Book Synopsis Retention of Enlisted Maintenance, Logistics, and Munitions Personnel by : Albert A. Robbert
Download or read book Retention of Enlisted Maintenance, Logistics, and Munitions Personnel written by Albert A. Robbert and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past ten years, maintenance career fields in the U.S. Air Force have been negatively affected by a series of events that have resulted in an experience shortage. Although there has been an improvement in Total Force manning since 2015, several skill levels are still experiencing shortages. To bridge the experience shortfall, the U.S. Government Accountability Office called for an Air Force retention strategy tailored to retain experienced maintainers. The RAND Corporation was asked to explore whether individual characteristics, economic and geographic factors, and the new Blended Retirement System (BRS) could provide additional insights into what predicts retention of this workforce. This report focuses primarily on aircraft maintenance career fields, with some attention to munitions and logistics career fields as resources permitted. The authors undertake two analytic approaches to examine the underlying determinants of retention. First, they use logistic regression to determine how strongly a variety of individual and environmental characteristics are associated with decisions to reenlist, extend an enlistment, or separate from the Air Force; second, they use RAND's Dynamic Retention Model to estimate how the new BRS will affect maintenance, munitions, and logistics career fields when those in the new system reach retention decision points. The authors find that changes in individual characteristics and environmental variables have improved retention in the maintenance, munitions, and logistics career fields. Although much of what influences retention is beyond the Air Force's control, the authors offer a number of recommendations and identify areas of emphasis that could be exploited.
Book Synopsis How Have Deployments During the War on Terrorism Affected Reenlistment? by : James Hosek
Download or read book How Have Deployments During the War on Terrorism Affected Reenlistment? written by James Hosek and published by Rand Corporation. This book was released on 2009-10-06 with total page 175 pages. Available in PDF, EPUB and Kindle. Book excerpt: This research sought to understand how recent deployments have affected reenlistment by examining trends in deployments and reenlistments, developing a theoretical model, and conducting an econometric analysis of survey and administrative data to identify the effect of deployment, by service, on reenlistment. It also examined the role of reenlistment bonuses in maintaining reenlistment levels during the war on terrorism.
Book Synopsis Marine Corps Manual for Legal Administration (LEGADMINMAN). by : United States. Marine Corps
Download or read book Marine Corps Manual for Legal Administration (LEGADMINMAN). written by United States. Marine Corps and published by . This book was released on 1992 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Marine Corps Reserve Administrative Management Manual (MCRAMM). by : United States. Marine Corps
Download or read book Marine Corps Reserve Administrative Management Manual (MCRAMM). written by United States. Marine Corps and published by . This book was released on 1992 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis National Defense Authorization Act for Fiscal Year 1997 by : United States
Download or read book National Defense Authorization Act for Fiscal Year 1997 written by United States and published by . This book was released on 1996 with total page 450 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Implications of Integrating Women Into the Marine Corps Infantry by : Agnes Gereben Schaefer
Download or read book Implications of Integrating Women Into the Marine Corps Infantry written by Agnes Gereben Schaefer and published by Rand Corporation. This book was released on 2015-12-03 with total page 215 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study for the U.S. Marine Corps reviews the history of the integration of women into the U.S. military and explores the role of cohesion, the gender integration of foreign militaries and domestic police and fire departments, and potential costs.
Book Synopsis The All-volunteer Force by : Barbara A. Bicksler
Download or read book The All-volunteer Force written by Barbara A. Bicksler and published by Potomac Books. This book was released on 2004 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: Can America continue to maintain its military commitments without conscription?
Download or read book I Want You! written by Bernard D. Rostker and published by Rand Corporation. This book was released on 2006-09-08 with total page 833 pages. Available in PDF, EPUB and Kindle. Book excerpt: As U.S. military forces appear overcommitted and some ponder a possible return to the draft, the timing is ideal for a review of how the American military transformed itself over the past five decades, from a poorly disciplined force of conscripts and draft-motivated "volunteers" to a force of professionals revered throughout the world. Starting in the early 1960s, this account runs through the current war in Iraq, with alternating chapters on the history of the all-volunteer force and the analytic background that supported decisionmaking. The author participated as an analyst and government policymaker in many of the events covered in this book. His insider status and access offer a behind-the-scenes look at decisionmaking within the Pentagon and White House. The book includes a foreword by former Secretary of Defense Melvin R. Laird. The accompanying DVD contains more than 1,700 primary-source documents-government memoranda, Presidential memos and letters, staff papers, and reports-linked directly from citations in the electronic version of the book. This unique technology presents a treasure trove of materials for specialists, researchers, and students of military history, public administration, and government affairs to draw upon.
Download or read book Defense Health Care written by and published by DIANE Publishing. This book was released on 1993 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: In October 1989 the Department of Defense introduced its Corporate Information Management (CIM) initiative to reengineer its business practices and make better use of information technology. In May 1990, a Medical Functional Group was established within the Office of the Assistant Secretary of Defense for Health Affairs to institutionalize the CIM process within the Military Health Services System. This letter addresses our review of CIN's implementation in military health services--one of the eight functional areas selected for initial CIM implementation. At a time when health care costs are rising dramatically, CIM offers opportunities to reduce not only health care information technology expenses but, more important, the overall costs of providing care.
Book Synopsis An Updated Look at Military and Civilian Pay Levels and Recruit Quality by : Troy D. Smith
Download or read book An Updated Look at Military and Civilian Pay Levels and Recruit Quality written by Troy D. Smith and published by . This book was released on 2021-10-31 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt: Comparing military pay with civilian pay, the authors find that military pay in 2017 was above the 70th percentile of civilian pay. It was at the 85th percentile for enlisted personnel and the 77th percentile for officers.
