Hello, Everyone
I know you are all anxious to see the results of the wage study. Our consultant has provided a new list of job classifications and associated hourly wages. He's given us advice on a couple of ways to implement the plan. Now we need to figure out what we can do with the money we have. Sheri is working very hard to calculate the impact of a couple of scenarios on the budget. As soon as we have a viable option, I'll schedule time with you, department by department, to explain what we will be asking the board to approve. We are still aiming for a January 1 implementation.
Bottom line, nobody loses. Everyone's wages will improve. Everyone has a job. You have nothing to fear!
Calculating compensation for employees goes so far beyond plugging an hourly rate into a spreadsheet and hitting the SUM button. There are taxes, insurance and retirement benefits calculations, steps within ranges, scenarios of 11 steps vs. 16 steps! It's enough to make your eyes cross!
Sheri has cheerfully taken on this project, tediously working through multiple scenarios to sort out the best compensation package our budget can deliver. She is your best friend in this process, and our Bright Spot for this week! Please send her your appreciation!
Have a warm and cozy weekend, everyone!
Barb
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