Pedernales Electric Cooperative – Board of Directors Meetings

File #: 2017-006    Version: 1 Name:
Type: Executive Session - Personnel Matters Status: Passed
File created: 2/3/2017 In control: Board of Directors
On agenda: Final action: 4/17/2017
Title: Resolution - Approval of 2016 Employee Compensation Study - J Beggs

Title

Resolution - Approval of 2016 Employee Compensation Study - J Beggs

 

Other Info

Submitted By: Julie Beggs

Department: Corporate Services

Financial Impact and Cost/Benefit Considerations: N/A

 

Discussion

Pedernales Electric Cooperative (PEC) establishes guidelines for managing PEC’s employee pay and compensation practices; maintains equitable and competitive salary ranges consistent with PEC’s economic requirements; and attracts and retains qualified employees by maintaining a compensation structure that is competitive with the external job market.

Body

WHEREAS, the AON Hewitt Group performed a comprehensive Compensation Study that reviewed job descriptions at the Cooperative, benchmarked the compensation of a majority of those jobs against comparable jobs at other companies, and proposed a revised Wage Scale to accompany the job descriptions; and

 

WHEREAS, the Board of Directors of the Cooperative (the “Board”) has reviewed the proposed new Wage Scale, and desires to approve and adopt the Wage Scale which is designed to ultimately target the Cooperative’s base salary for all job classifications at the 75th percentile of the marketplace; and

 

NOW, THEREFORE BE IT RESOLVED, by the Board that the Compensation Study and Wage Scale presented to the Board this day is adopted and approved as discussed by the Board for all Cooperative employees; and

 

BE IT FURTHER RESOLVED, that the Chief Executive Officer, or designee, is authorized to take all such actions necessary to implement this resolution including, but not limited to, making adjustments for individual employee’s base pay so that each employee is at least at the minimum of the employee’s new grade for their position in the Wage Scale.