System Engineering and Productivity

System Engineering and Productivity

Modeling the Relationship Between Age and Salary on the Productivity of Specialized Human Resources in Project-oriented Engineering Companies

Document Type : Research Paper

Authors
Esmaeil Shayesteh 1
Amir Azizi 2
Mohammad Javad Ershadi 3
1 M.Sc., Department of Industrial Engineering, Faculty of Engineering, Islamic Azad University, Science and Research Branch, Tehran, Iran
2 Corresponding author: Assistant Professor, Department of Industrial Engineering, Faculty of Engineering, Islamic Azad University, Science and Research Branch, Tehran, Iran
3 Associate Professor, Department of Information Technology, Iranian Research Institute for Information Science and Technology (IranDoc), Tehran, Iran
10.22034/msb.2024.2009347.1155
Abstract
Today, the emphasis on growth is on human capital, and improving the quality of the workforce is one of the main ways to increase productivity. Humans, as a center of development, play a fundamental role in all other centers. This key component of productivity in the field of engineering companies, which is considered the most important capital of the organization, is more important. Because the output of their intellectual activities leads to the creation of a suitable and creative service for the customer. Also, the average age in Iran is increasing, while the productive population is decreasing. This research was conducted to investigate the relationship between age and wages on the productivity of specialized human resources in engineering companies using the structural equation model. The results showed that the standard coefficient of the effect of age on the components of human resource productivity includes the input component of -0.367 with a T of 7.348, processing with a standard coefficient of -0.396 and a T of 641.6, and output with a standard coefficient of -0.169 and a T of 2.138. Also, the effect of age on the wage level with a standard coefficient of 0.256 and a T of 762.4, and the effect of age on the input variable is -0.367 with a T of 7.348, on processing with a coefficient of -0.396 and a T of 6.641, and on output with a coefficient of -0.153 and a T of 2.138. Therefore, it can be concluded that with increasing age and passing the half-life of work and subsequently increasing the wage level, the productivity of specialized human resources in operational activities decreases.

Highlights

  • The purpose of this research is to investigate the relationship between age and salary on the productivity of expert human resources.
  • With the increase in age and the subsequent increase in the wage level, the productivity of human resources decreases.

Keywords
Productivity of specialized human resources
Modeling age and wages on productivity
Project-oriented engineering companies
Structural equation modeling

Copyright ©, Esmaeil Shayesteh, Amir Azizi, Mohammad Javad Ershadi

 

License

This article is released under the Creative Commons Attribution (CC BY 4.0) license. Anyone is free to copy, share, translate, and adapt this article for any purpose, whether commercial or non-commercial, as long as proper citation is given to the authors and original publication.

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System Engineering and Productivity
Volume 4, Issue 1 - Serial Number 10
Serial No. 10, Spring Quarterly
Spring 2024
Pages 15-39