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HomeMy WebLinkAboutItem 12Adjustments to Compensation for the San Luis Obispo Police Staff Officers’ Association (SLOPSOA) Monica Irons, Human Resources Director Greg Zocher, Human Resources Manager October 6, 2015 Background Labor Relations Objectives Fiscal responsibility Pension cost containment/reduction Cost sharing of health benefit costs Competitive compensation as necessary to attract and retain Compensation Philosophy Provides for competitive compensation Compensation Study Data from relevant labor market Recommendation - SLOPSOA Adopt a resolution ratifying the Memorandum of Agreement (MOA) with SLOPSOA Term – 4 years (July 1, 2015 – June 30, 2019) Cost of living increase 2% July 2015 2% July 2016 2% July 2017 2% July 2018 Recommendation – Cont. Adopt a resolution ratifying the Memorandum of Agreement (MOA) with SLOPSOA Cost sharing of health benefit increases Education incentive $250 bi-weekly Bachelor’s Degree $350 bi-weekly Masters’ Degree Market equity adjustments as necessary to attract and retain 1.0% Lieutenant (July 2015) 1.6% Captain (July 2015) 5.0% Communications & Records Manager (Jan 2016) Fiscal Impact Five Year Fiscal Forecast Modeled all increases to ensure fiscal responsibility 2015 – 17 Financial Plan Accounts for all compensation adjustments Questions