HomeMy WebLinkAbout1990-127-08/21/1990-CITY EMPLOYEES FINANCIAL POLICY TOTAL COMPENSATION RESOLUTION 90-127
OF THE COUNCIL OF THE CITY OF FORT COLLINS
ADOPTING A TOTAL COMPENSATION FINANCIAL POLICY
FOR CITY EMPLOYEES
WHEREAS, each year, the City of Fort Collins adopts a financial policy
which guides the development of the pay and benefits received by City
employees; and
WHEREAS, the City of Fort Collins is committed to compensating
employees in a manner which is fair, competitive and understandable; and
WHEREAS, the City wishes to move from the current pay philosophy to a
total compensation philosophy which takes into account both the salaries
and benefits provided to employees; and
WHEREAS, the City will annually review the appropriate labor market
for survey positions by presenting total compensation calculations and
assumptions to the Personnel Board which will in turn forward its
recommendation to the City Council ; and
WHEREAS, this total compensation plan will be implemented as a part of
the 1991 budget process.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that the following financial policy is adopted for inclusion in the
1991 Budget Financial Policies:
Total Compensation Plan
The City of Fort Collins' goal as an employer is to attract and
retain quality employees and also to recognize and reward quality
performance.
In order to accomplish this goal , the City of Fort Collins has
established a total compensation plan. Total compensation is
defined as the sum of the salary paid and the City's cost for
benefits which are provided to compensate an employee for work
performed. The objective of the total compensation plan is to
pay employees fairly, competitively and in a way that is
understandable.
To ensure that employees are paid in a manner that is both
internally equitable and externally competitive , total
compensation will be measured annually for every representative
position within a pay family. Appropriate employers will be
surveyed to determine fair and competitive compensation for
comparable jobs.
The policy of the City of Fort Collins is to compensate our
employees better than seventy percent of comparable employers.
Passed and adopted at a regular meeting of the Council of the City of
Fort Collins held this 21st day of August A . 1990.
Mayor
ATTEST:
City Werk