7d supp

ITEM NO:  7d supp_____
DATE OF 
MEETING: June 28, 2011_

Total Rewards Philosophy 
What is total rewards 
Advantages of a total rewards philosophy 
Total rewards model 
Elements of the total rewards model 
Developing the total rewards philosophy 
Next Steps

What is Total Rewards 
Historically, total comp was pay + benefits
(health care, pension, time off) 
Currently, total rewards has expanded to include
a broader array of programs 
Total rewards programs vary by organization,
and so do total rewards definitions

Total Rewards Philosophy - Advantages 
Broad definition  applies to all employee groups,
facilitates consistency 
Flexible  guides decisions through all business
phases and economic times 
Strategic method for attracting, retaining, and
motivating employees to engage in achieving Port
goals 
Consistent framework for holistically managing the
array of total rewards

Advantages - continued 
Connected to other topics 
Salary and Benefits Resolution 
Collective bargaining agreements 
Payroll related budget discussions 
Beneficial in multiple areas 
Strategic Planning 
Audits 
Managing pay and benefit programs 
Labor contract negotiations 
Internal and external communications

Modeling Total Rewards 
Total rewards packages vary by employer 
Important to model the organizations package 
Models visually represent the package 
Models facilitate communication to employees,
and prospective employees 
Based on the organization's 
Mission 
Values and culture 
People and business strategies

Total Rewards Model 
Attraction / Retention and Motivation 
Pay           Benefits            & Development Learning          Recognition           Other Intangibles 
Business Strategy 
People Strategy 
Culture and Values 
Organizational Mission

Elements of Total Rewards 
Pay 
Base pay 
Base pay increases 
Benefits 
Port funded, fully or partially 
Employee funded 
Mandated 
Learning and Development 
Learning calendar 
Leadership development programs 
Seminars, conferences, external training
opportunities

Elements - continued 
Recognition 
Service awards 
Retirement recognition 
Other recognition 
Other Intangibles 
Opportunity for public service 
Opportunity for community involvement 
Work location 
Interesting work 
Employee networks

Developing a Total Rewards
Philosophy 
Model the current total rewards package 
Information about future work 
Information about what total rewards will
attract, motivate and retain now and in the
future 
Information about how total rewards will attract,
motivate and retain now and in the future 
Together this will inform a total rewards
philosophy

Next Steps 
Gap analysis  how does current total rewards
model compare to the philosophy 
Strategies and plan for aligning total rewards
programs with the philosophy 
Depending on the number and size of the gaps this
could be a 3 to 5 year process 
Future Commission briefings as work progresses

Questions?

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