Item 9B
Approve a Market Adjustment to the City of Southlake Employee Compensation Program
Item 9B
Compensation Program
Adopted with FY 2007 Budget
General Purpose
to attract, retain and motivate employees by offering pay opportunities commensurate with their position’s internal and external value.
Overall Philosophy
to establish and administer an equitable program that provides for consistent treatment for all employees.
Compensation Program Goals
Pay philosophy of 103% of weighted market average of market cities
Employee Compensation History
FY 2010:
No pay raises
FY 2011:
1.4% COLA Lump Sum
No pay raises
Market Survey
Completed Annually
12 Market Cities / 70 Benchmark Positions
Analysis:
Slight movement compared to FY 2011 Survey
*Compares Southlake Midpoint to Market City Midpoint
Market survey
*Compares Southlake Midpoint to Market City Midpoint
Market survey
*Compares Southlake Midpoint to Market City Midpoint
Market survey
*Compares Southlake Midpoint to Market City Midpoint
Market survey
*Compares Southlake Midpoint to Market City Midpoint
Market survey
*Compares Southlake Midpoint to Market City Midpoint
Market survey
Market Adjustment Recommendation
Approve market adjustment July 1, 2011
Adjust pay plans to better align with desired market position
Average employee pay increase: 3.9%
Financial Considerations
Estimated FY 2011 financial impact:
Funding available in the adopted FY 2011 budget
Estimated FY 2012 financial impact:
Staff Recommendation
Approval of a market adjustment to the City of Southlake Employee Compensation Program
Questions:
Stacey Black 817-748-8063