• Title/Summary/Keyword: Performance-based compensation

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A Study on the Effects of Wage Data Design Scheme on Customer Satisfaction and Turnover Reduction : Focusing on the Case of TASTE FITNESS (조직 내 임금 데이터 설계가 고객만족 및 이직률 감소에 미치는 영향: TASTE FITNESS 사례를 중심으로)

  • Kim Jinsu;Kim Sunggun
    • Journal of Korea Society of Digital Industry and Information Management
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    • v.20 no.3
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    • pp.101-115
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    • 2024
  • Compensation plays an important role in increasing the satisfaction of organizational members and reducing turnover. A balanced approach including competitive base salary and performance-based compensation can meet the financial and psychological needs of members, creating more dedicated and satisfied organizational members. From this perspective, this study was conducted on the impact of trainers' performance-based compensation system on customer satisfaction and turnover rate, focusing on TASTE FITNESS. TASTE FITNESS established differentiated compensation and performance-based compensation system based on performance-based compensation for each job group of counselors, managers, and trainers working within the organization, and confirmed that this led to the turnover rate of organizational members and customer satisfaction. However, a more efficient and satisfactory compensation system can be established by supplementing the stability of performance-based compensation, supporting the initial entry stage, diversifying performance-based compensation, and strengthening long-term performance-based compensation. This is an issue that should be considered not only by TASTE FITNESS but also by all similar industries.

Compensation Committee Quality and Managers' Pay-Performance Sensitivity (보상위원회의 품질과 성과-보상민감도)

  • Choi, Won-Ju
    • Management & Information Systems Review
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    • v.35 no.1
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    • pp.173-188
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    • 2016
  • The introduction and operation of compensation committee can affect managers' incentive-compensation system. In this context, The purpose of this paper examines whether managers' pay-performance sensitivity is affected by the quality of the compensation committee(compensation committee size, the proportion of outside directors on the compensation committee, the proportion of directors with 2 or more non additional board seats on the compensation committee) To test this hypothesis, we use a sample of 260 firm-year observations between 2001-2013. The results are as follows. Firstly, we find that no significant relevance between the compensation committee size and pay-performance sensitivity. But the proportion of outside directors on the compensation committee and the proportion of directors with 2 or more non additional board seats on the compensation committee is positively associated with both pay-earnings based performance sensitivity and pay-stock based performance sensitivity. Secondly, we find that the integration quality of the compensation committee is positively associated with both pay-earnings based performance sensitivity and pay-stock based performance sensitivity. Overall, our analysis suggests that compensation committee are important mechanism in the design of efficient incentive-compensation system.

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Position/Force Control of Robotic Manipulator with Fuzzy Compensation (퍼지 보상을 이용한 로봇 매니퓰레이터의 위치/힘제어)

  • 심귀보
    • Journal of the Korean Institute of Intelligent Systems
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    • v.5 no.3
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    • pp.36-51
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    • 1995
  • An approach to robot hybrid position/force control, which allows force manipulations to be realized without overshoot and overdamping while in the presence of unknown environment, is given in this paper. The manin idea is to used dynamic compensation for known robot parts and fuzzy compensation for unknown environment so as to improve system performance. The fuzzy compensation is implemented by using rule based fuzzy approach to identify the unknown environment. The establishment of proposed control system consists of following two stages. First, similar to the resovled acceleration control method, dynamic compensation and PD control based on known robot dynamics, kinematics and estimated environment stiffness is introduced. To avoid overshoot the whole control system is constructed with overdamping. In the second stage, the unknown environment stiffness is identified by using fuzzy reasoning, where the fuzzy compensation rules are obtained priori as the expression of the relationship betweenenvironment stiffness and system. Based on the simulation result, comparison between cases with or without fuzzy identifications are given, which illustrate the improvement achieced.

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MLLR-Based Environment Adaptation for Distant-Talking Speech Recognition (원거리 음성인식을 위한 MLLR적응기법 적용)

  • Kwon, Suk-Bong;Ji, Mi-Kyong;Kim, Hoi-Rin;Lee, Yong-Ju
    • MALSORI
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    • no.53
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    • pp.119-127
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    • 2005
  • Speech recognition is one of the user interface technologies in commanding and controlling any terminal such as a TV, PC, cellular phone etc. in a ubiquitous environment. In controlling a terminal, the mismatch between training and testing causes rapid performance degradation. That is, the mismatch decreases not only the performance of the recognition system but also the reliability of that. Therefore, the performance degradation due to the mismatch caused by the change of the environment should be necessarily compensated. Whenever the environment changes, environment adaptation is performed using the user's speech and the background noise of the changed environment and the performance is increased by employing the models appropriately transformed to the changed environment. So far, the research on the environment compensation has been done actively. However, the compensation method for the effect of distant-talking speech has not been developed yet. Thus, in this paper we apply MLLR-based environment adaptation to compensate for the effect of distant-talking speech and the performance is improved.

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A Study on Establishing Finance Performance Evaluation Model in Each Clinical Department - Factors Influencing Operating Profit of Hospitals - (진료과별 재무성과 측정모형 구축 연구 -병원의 의료이익에 영향을 미치는 요소를 중심으로 -)

  • Lee, Youn-Tae;Ryu, Kie-Hyun
    • Korea Journal of Hospital Management
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    • v.4 no.2
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    • pp.162-191
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    • 1999
  • This study was conducted to establish finance performance evaluation model for physicians in each clinical department, by using factors which determines financial outcome(performance) in each clinical department The ultimate aim of study is to develop effective performance-based pay system for physicians. The system, by motivating physicians, should increase their productivity. To do so, it is critical to establish finance performance evaluation model to achieve final goal of this study. 232 private hospitals were chosen from 693 hospitals which were subject to hospital survey by the Korea Institute of Health Services Management and their revenue and expense-related data during 1997 were collected. By adopting multiple regression method, the study shows that the evaluation model for each clinical department was statistically significant. The study suggest the effective performance-based pay system based on financial performance of each clinical department. The pay system includes the level of compensation, the way of how to allocate profits to each department, and criteria whether the compensation should provide or not. In conclusion, the study has following implications. First, the study suggest finance performance evaluation model for each clinical department Second, the study suggest guidelines and plans to establish qualitative measure of financial performance in each clinical department. Third, the study suggest that adopting performance-based pay for physicians could be impetus to achieve organizational goal by motivating them with fair compensation.

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Hi Herzberg ? : The Role of Compensation Factors and Suggestions for Performance Compensation System

  • Kim, Yoo-Gue;Yang, Woo-Ryeong;Kim, Ha-Ryong;Yang, Hoe-Chang
    • The Journal of Economics, Marketing and Management
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    • v.5 no.1
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    • pp.21-26
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    • 2017
  • Purpose - This study extracts performance-reward factors based on the previous studies related to Herzberg's two-factor theory and performance-reward and proposes a research method to identify how these factors have an influence on task performance directly related to production performance and contextual performance that has an indirect influence. Research Design, Data, and Methodology - This study draws performance-reward factors through Focus Group Interview(FGI), classifies them into economic/uneconomic and direct/indirect factors, draws maintenance/improvement factors and unnecessary ones through IPA, and maximizes the effectiveness of performance-reward factors. Results - It also identifies how performance-reward factors have an influence on internal and external motives based on previous studies, classifies performance-reward factors into task performance and contextual performance and identifies the influence relationship between these, and proposes a research model to identify the roles of equity sensitivity based on equity theory. Conclusion - The findings from this study are expected to lay the groundwork for drawing various methods to reduce the turnover rate of employees and be important resources for reinforcing the competitiveness of businesses by classifying the performance -reward factors that may cause internal and external motives from the small and medium-sized manufacturing perspective and presenting methods to identify if these have an influence on task performance and contextual performance.

The Corporate Life Cycle and Management Compensation (기업수명주기와 경영자 보상)

  • Kim, Ji-Hye;Kim, Jin-bae;Choi, Jeong-mi
    • Journal of Digital Convergence
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    • v.15 no.1
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    • pp.85-96
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    • 2017
  • The purpose of this study investigates the relation between corporate life cycle and management compensation. The analysis is performed by comparing the compensation level and pay-performance-sensitivity (PPS) at each life cycle based on Korean data from 2003 to 2014. The results show that regarding compensation level, mature stage has the highest mean value of compensation and compensation level drops after mature stage. In introduction stage, growth and decline stages, compensation is not sensitive to accounting performance. In a while, in mature stage, management compensation varies with accounting performance more significantly than stock performance. In additional analysis, the results indicate that the finding is not designated from growth opportunities and the relation differs when the firm is included in a conglomerate. These findings contribute to the literature by providing additional evidence to understand for compensation and the corporate life cycle studies.

Development of a New Moving Obstacle Avoidance Algorithm using a Delay-Time Compensation for a Network-based Autonomous Mobile Robot (네트워크 기반 자율 이동 로봇을 위한 시간지연 보상을 통한 새로운 동적 장애물 회피 알고리즘 개발)

  • Kim, Dong-Sun;Oh, Se-Kwon;Kim, Dae-Won
    • Proceedings of the KIEE Conference
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    • 2011.07a
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    • pp.1916-1917
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    • 2011
  • A development of a new moving obstacle avoidance algorithm using a delay-time Compensation for a network-based autonomous mobile robot is proposed in this paper. The moving obstacle avoidance algorithm is based on a Kalman filter through moving obstacle estimation and a Bezier curve for path generation. And, the network-based mobile robot, that is a unified system composed of distributed environmental sensors, mobile actuators, and controller, is compensated by a network delay compensation algorithm for degradation performance by network delay. The network delay compensation method by a sensor fusion using the Kalman filter is proposed for the localization of the robot to compensate both the delay of readings of an odometry and the delay of reading of environmental sensors. Through some simulation tests, the performance enhancement of the proposed algorithm in the viewpoint of efficient path generation and accurate goal point is shown here.

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The Present Condition and Future Directions of Public Organizations (공공기관의 보상 현황과 개선방향)

  • Oh, Jay In
    • Journal of the Korean Operations Research and Management Science Society
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    • v.40 no.1
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    • pp.129-138
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    • 2015
  • The problems associated with the excessive compensation of the public organizations in Korea have been presented not only by the press but also by the academic societies, including the management evaluation team of the public organizations, both in Korea and abroad. To analyze whether the compensation is excessive necessitates the empirical study on the present condition of the compensation system of the public organizations. Therefore, the purpose of this paper is to suggest the issues and the future directions of the compensation in the public organizations. The findings from the analysis of the data collected in this research include the expansion of the difference in compensation, the reinforcement of the job and performance-based compensation, the systematization of the model on the base compensation, and the differentiation of the compensation increase based on productivity.

A Study on Pricision Positioning Control using a Fuzzy Friction Compensation (퍼지마찰력보상기를 이용한 정밀위치제어에 관한 연구)

  • Yun, S.H.;Yang, S.S.
    • Proceedings of the KIEE Conference
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    • 1996.07b
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    • pp.1045-1049
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    • 1996
  • For the precision positioning and tracking control, the proper friction compensation is essential. The friction causes steady state error. The friction compensation based on the velocity and the controlling input or the desired velocity provides limited performance if the compensation value is fixed. In this paper, a friction compensation scheme using a fuzzy logic is proposed. The friction compensation amount is adjusted depending on the velocity and controlling input. The proposed fuzzy friction compensator with a pole-assignment controller is implemented in a linear positioning system. To illustrate the effectiveness of this scheme, computer simulations and experiments are carried out for the cases of no friction compensation, the proposed fuzzy friction compensation, and another friction compensation scheme based on velocity and control input, and the results are compared with each other.

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