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A computer based heuristic methodology for the development of salary administration guidelines

Author

Listed:
  • Garcia-Diaz, A.
  • Flores, B. E.
  • Noce, R.

Abstract

This paper discusses the development of a heuristic methodology to generate salary merit increases and to schedule these salary actions along a specified planning horizon. The heuristic approach consists of two procedures, referred to as Heuristic Procedure 1 and Heuristic Procedure 2. For a group of executive personnel, Heuristic Procedure 1 yields salary increase percentages, in such a way that external consistency is maximized without violating internal consistency conditions. Heuristic Procedure 2 establishes the time intervals between salary increases for each eligible employee. A comparison is performed, in terms of computer execution time and optimality of solutions, between the heuristic methodology and a mathematical programming approach developed for formulating salary administration guidelines. Computational results are reported for a number of sample problems.

Suggested Citation

  • Garcia-Diaz, A. & Flores, B. E. & Noce, R., 1996. "A computer based heuristic methodology for the development of salary administration guidelines," Omega, Elsevier, vol. 24(5), pages 583-595, October.
    • Handle: RePEc:eee:jomega:v:24:y:1996:i:5:p:583-595
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    References listed on IDEAS

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    1. A. Charnes & W. W. Cooper & R. O. Ferguson, 1955. "Optimal Estimation of Executive Compensation by Linear Programming," Management Science, INFORMS, vol. 1(2), pages 138-151, January.
    2. James E. Bruno, 1971. "Compensation of School District Personnel," Management Science, INFORMS, vol. 17(10), pages 569-587, June.
    3. Rehmus, Frederick P. & Wagner, Harvey M., 1963. "Applying linear programming to your pay structure," Business Horizons, Elsevier, vol. 6(4), pages 89-98.
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