Background Image
Table of Contents Table of Contents
Previous Page  191 / 203 Next Page
Information
Show Menu
Previous Page 191 / 203 Next Page
Page Background

BOARD TRANSMITTAL

MEETING:

Personnel and Compensation Committee

SUBJECT:

Consideration of Institution Compensation

Proposals

DATE:

September 27, 2018

PRESENTER:

Danny Gibbs, Vice Chancellor Business & Finance

PRESENTATION REQUIREMENT: 15 minutes with discussion

ACTION REQUIRED:

Roll Call Vote

STAFF’S

RECOMMENDATION:

Approval

At the June 2018 meeting, the Board authorized a compensation strategy that

included a 2.5% salary pool to be used for employee increases representing a 1.5%

Cost of Living Allowance (COLA) recommended by the Governor, effective July 1,

2018, as well as an additional 1% increase authorized by the Board, also effective

July 1, 2018. The Board authorized those institutions wishing to provide up to the

full 2.5% as a COLA to do so effective July 1, 2018 with no further approvals needed.

The approved compensation strategy also included the ability for institutions to

submit proposals for alternate use of up to the 1% funding and for salary

adjustments using uncommitted local funds. For those submitting a proposal, they

had the following options from which to choose:

Compensation Adjustments using the additional 1% other than for a COLA - For

those institutions wishing to provide the 1% salary pool in a manner other than a

COLA, the following strategies were approved:

A.

Compensation Plan –

Institutions could provide salary adjustments consistent with their

Board approved compensation plans; and/or

Institutions could adjust the salary ranges to address changes in

market salaries, as prescribed in their compensation plan; and/or