Title
A RESOLUTION ADOPTING THE CITY OF LEE’S SUMMIT, MISSOURI’S COMPENSATION PHILOSOPHY.
(Note: This item was CONTINUED from December 7, 2017 per Council’s request.)
Body
Issue/Request:
A RESOLUTION ADOPTING THE CITY OF LEE’S SUMMIT, MISSOURI’S COMPENSATION PHILOSOPHY.
Key Issues:
As part of the Compensation and Benefit Study, Springsted Inc was asked to help facilitate the development of a compensation philosophy. The purpose of the philosophy is to effectively communicate the City Council's intent regarding compensation for the organization and provide clear guidance and direction to the City.
Much like how the City Council developed the Economic Development Incentive Policy to guide the use of incentives to achieve the Council’s vision and goals for economic development, a compensation and benefit philosophy would be used and developed in the same way for the purpose of allocating financial resources to achieve the Council’s vision, goals, and values for workforce resources. Creation of this policy level document will help guide and direct financial resources through the annual budget process.
On January 28, 2017, the City Council was surveyed to gather input and guidance to be used in the creation to the philosophy. The resolution and attachments are proposed for City Council's consideration and discussion.
Proposed City Council Motion:
I move to adopt A RESOLUTION ADOPTING THE CITY OF LEE'S SUMMIT COMPENSATION AND BENEFIT PHILOSOPHY.
Background:
Key elements of a compensation philosophy include direction to these questions;
1. What is your overall perspective on the compensation and benefits provided to the City of Lee’s Summit employees? What is your perspective on the City’s current level of competitiveness?
2. What is your desired target level of competitiveness for the City of Lee’s Summit? (definitions below)
· At market: set salary structures comparable to those within Lee’s Summit’s competitive market
· Lead market: set salary struct...
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