Assessing Compensation Reform

Assessing Compensation Reform
Author :
Publisher : RAND Corporation
Total Pages : 142
Release :
ISBN-10 : UOM:39015075639552
ISBN-13 :
Rating : 4/5 (52 Downloads)

Book Synopsis Assessing Compensation Reform by : Beth J. Asch

Download or read book Assessing Compensation Reform written by Beth J. Asch and published by RAND Corporation. This book was released on 2008 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: Military compensation is a pillar of the all-volunteer force. It is a fundamental policy tool for attracting and retaining personnel, and its structure-and the incentives implied by its structure-can affect U.S. service members' willingness to join, exert effort, demonstrate their leadership potential, remain in the military, and, eventually, exit the military at an appropriate time. Military compensation is a composite of current pay and allowances, special and incentive pays, health benefits, disability benefits, retirement benefits, and other benefits. Its importance to the readiness and morale of the force is such that it is reviewed every four years to determine whether it is adequate to meet the U.S. military's objectives. To inform the 10th Quadrennial Review of Military Compensation, this monograph presents an in-depth examination of the mix and structure of the U.S. military's current retirement-benefit system and several policy alternatives. The study included the development of a model that was estimated and used to run a series of simulations based on active-duty and reserve personnel data to track the careers and potential decisionmaking of military personnel across the services. The simulation results were then assessed in terms of their cost-effectiveness and ability to meet the services' expectations for accession, retention, and career mobility.


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