Abstract
In a context of labor shortage and strong global competition for talent, salary management is becoming a critical issue for companies wishing to attract, engage and retain qualified employees. This paper presents a multi-objective optimization model to balance the internal equity, external equity and costs trade-offs associated with the design of salary structures. Solutions are generated to estimate and explore the Pareto frontier using real compensation data from a unionized establishment in the public sector. Our work shows the interest of using combinatorial optimization techniques in the design of salary structures.
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CITATION STYLE
Tremblay, F. A., Piché-Meunier, D., & Dubois, L. (2023). Multi-objective Optimization for the Design of Salary Structures. In Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics) (Vol. 13884 LNCS, pp. 427–442). Springer Science and Business Media Deutschland GmbH. https://doi.org/10.1007/978-3-031-33271-5_28
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