7b supp
ITEM NO: ______7b_Supp_______ DATE OF MEETING: November 6, 2013 Agenda Background Recommendations for 2013 Considerations Changes 2 Background - What is the Salary and Benefits Resolution A delegation of authority from Commission to CEO Administration of pay and benefits Major Total Rewards package components Covers approximately 925 (52%) Port employees Contains provisions similar to collective bargaining agreements 3 Background - What is Covered Authorizes the port to provide medical and dental benefits Establishes Pay for Performance (PfP) as the basis for pay increases Merit-based system Contains the salary range structure for non- union jobs 4 Background - What are Changes Based On Changes informed by New or changing laws Updates to port policies Current market pay levels Anticipated pay increases The business environment and labor market 5 Background - Changes in the Past Year Total Rewards philosophy introduced Plans addressed in the Salary and Benefits Resolution align quite well with the philosophy Work will continue in 2013 and beyond to align health care, and other plans, with the Total Rewards philosophy 6 Background - Changes in the Past Year Salary ranges Last year ranges were ~ 0.3% below market Anticipated 2012 market pay increase was 3.1% Ranges were increased by 2.0% for 2012 Benefits Focus on cost health care containment continues Port costs increased less than health care inflation 7 2013 Recommendations Considerations beyond the resolution Current economic environment Slight increases to employee medical premiums for next year Increases to 2013 PERS rates for the port and employees 8 2013 Recommendations Salary Ranges Considerations Jobs market priced to determine how they compare to market Ranges are currently 1.0% below market Surveys reporting 2013 anticipated average pay increase of 2.9% 9 2013 Recommendations Salary Range Considerations Continued Anticipated 2013 pay changes at local public employers also considered Low High Anticipated COLA 0% 3.3% Anticipated Total 0% 11.4% 10 2013 Recommendations Salary Range Considerations Continued Anticipated pay increases for port union employees also considered Estimated to be at around 2.7% 11 2013 Recommendations Standard changes Updated holiday schedule for 2013 Reduction of Paid Time Off (PTO) accumulation limit Minor wording change Benefits change Aligning dental benefits eligibility with medical eligibility, and with practice Salary Ranges 2% increase to salary range structure 12 Conclusion Recommended changes to the Salary and Benefits Resolution for 2013 Are minimal Are consistent with past years Remain conservative 13
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