Financial Performance Assessment of Construction Firms by Means of RAM-Based Composite Indicators

Tsolas, Ioannis E.

doi:10.3390/math8081347

Cited by 7 publications

(1 citation statement)

References 81 publications

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“…In turn, the constructive research approach aims at solving real-world issues through innovative employment of step-by-step practical procedures (i.e., constructions such as mathematical algorithms) in order to develop a kind of theoretical contribution corresponding to a certain field of knowledge (Lukka 2003). Indeed, under the umbrella of a constructive research approach, several research works have been conducted in order to develop empirical applications corresponding to the theory of MCDM (Antinmaa 2012;Morris et al 2018;Lin et al 2020;Tsolas 2020).…”

Section: Applicationmentioning

confidence: 99%

An Innovative Job Evaluation Approach Using the VIKOR Algorithm

Alidrisi

2021

JRFM

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Fairness is a key issue that requires the attention of human resource management practitioners. Having a robust methodical procedure for identifying the value of job positions in an enterprise is essential. Consequently, there is a need for a job evaluation system that ensures fair compensation for each position. A poorly defined job evaluation system creates the dilemma of mismatches between employees and their competencies for their responsibilities and, accordingly, their wages. This results in employee dissatisfaction, which ultimately exacerbates attrition, which is costly because of the loss of talented employees. This paper proposes a VIKOR algorithm as an innovative approach to job evaluations. Engineering-related positions in an international aviation company were analyzed to illustrate the appropriateness of the proposed approach for managing the job evaluation dilemma. The results indicate that 29 job grades would be appropriate for this firm. In addition, the proposed algorithm was found to be superior to other multiple-criteria decision-making techniques at managing the job evaluation dilemma.

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Section: Applicationmentioning

confidence: 99%