Accession Number : ADA182081

Title :   The DPAC Compensation Model: An Introductory Handbook.

Descriptive Note : Student rept.,

Corporate Author : AIR COMMAND AND STAFF COLL MAXWELL AFB AL

Personal Author(s) : Norris,James M

PDF Url : ADA182081

Report Date : Apr 1987

Pagination or Media Count : 82

Abstract : The Personnel Analysis Center of the Directorate of Personnel Plans, Deputy Chief of Staff for Personnel, Headquarters US Air Force (AF/DPAC), is responsible for analyzing the effect of a wide range of current and proposed AF personnel and compensation policies. A fundamental tool DPAC uses in its analyses of compensation policies is a multi-option, interactive computer program known as the Compensation Model, which is based on the annualized cost of leaving (ACOL) framework. This handbook introduces new users to the ACOL framework and provides some guidelines for choosing reasonable values for the four long-run parameters required to run the Compensation Model: the inflation rate, the rates of real growth in military and private-sector compensation, and the real personal discount rate. The handbook assumes at least a basic knowledge of the AF personnel and active-duty pay systems, the military retirement system, several micro- and macroeconomic principles, present discounted value calculations, and compound growth rates. (Author)

Descriptors :   *SALARIES, *COMPENSATION, *PERSONNEL RETENTION, *COST MODELS, ACTIVE DUTY, POLICIES, COMPUTER PROGRAMS, HANDBOOKS, MAN COMPUTER INTERFACE, RETIREMENT(PERSONNEL), AIR FORCE, GROWTH(GENERAL), RATES, INFLATION(ECONOMICS), MACROECONOMICS, PERSONNEL, ECONOMETRICS, AIR FORCE PERSONNEL, FORTRAN, AIR FORCE PLANNING, COMPUTATIONS, RANGE(EXTREMES)

Subject Categories : Economics and Cost Analysis

Distribution Statement : APPROVED FOR PUBLIC RELEASE