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Operations Research, Systems Engineering and Industrial Engineering Commons

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University of Tennessee, Knoxville

Masters Theses

Compensation

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A Mixed Integer Linear Programming Approach For Developing Salary Administration Systems, Taner Cokyasar Dec 2016

A Mixed Integer Linear Programming Approach For Developing Salary Administration Systems, Taner Cokyasar

Masters Theses

Determining salary increases of executive personnel is a challenging decision process for many companies. Salary administration policies that aid in the determination of salary increases and other compensation benefits have a wide variety of advantages for both a company and its employees. This thesis develops a mathematical programming approach to create a salary administration system that recognizes the importance of performance and potential of employees for future promotions as major components of a salary increase policy for executive personnel. A number of companies all over the world use salary administration systems that integrate work performance and potential for advancement to ...