Synthesis Topics

Comparison of Employee Benefits Packages to Improve Recruitment and Retainage Across Airports Authorities

Airports Authorities in the USA are typically operated by City, County, State, Quasi-governmental, or Privately. While government and quasi-government entities may provide employee fringe benefit packages, including pension (annuity) for tenure. With changes in the airlines and airports industry, comparing employee fringe benefits packages and offering possible solutions to improve the airports financial viability, whilst balancing job security for employees, and demonstrating how such factors affect recruitement and retainage within the airports authorities nationally.

Background (Describe the current situation or problem in the industry, and how your idea would address it.)

Not only in a post-covid19 world, but also with Diversity, Equity and Inclusion (DEI) becoming a focus of the workforce, coupled with differences in worker paradigm across generations (Baby Boomers, Generation X, Millenials, future GenZ) workforce, the understanding of employee fringe benefits packages, particularly for the Airports and Airlines Industry can prove beneficial, for purposes of Recruitment and Retainage of a stable workforce.

Objective (What is the desired product or result that will help the airport industry?)

A survey and synthesis of HR Professionals across Airports of various sizes should be conducted. Review of allied or competing industries should be researched (suggestion: Strength, Weakness, Opportunity, Threat SWOT Analysis). The results of a fringe benefits review and suggestions for the future can help the airlines industry cope with retirements of existing workforce, and ensure a stable future workforce for the next generation and beyond.

Approach (Describe in general terms the steps you think are needed to achieve the objective.)

The following research in practice can be performed (this is not intended to be an exhausive list on the conduct-of-research, but just a suggested approach. Naturally, should the project be approved by ACRP, the Technical Research Panel will posit a full study methodology.

 

Step 1: Literature Search on state-of-the practice

Step 2: Survey with HR Department Heads from various airports, airport organizations / associations.

Step 3: Research on trends of fringe benefits for various age groups of employees, or potential employees (future)

Step 4: Listing of potential fringe benefits, including creative fringe benefits, and how those can save the airports industry in the long-term.

Step 5: Cost-benefit study of happy employees as it relates to ROI on recruitment, retainage and training of employees.

Step 6: Final Report

Requested Allocation (For ACRP Use Only) $250,000

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Idea No. 722