SR 05:290 - Laserfiche WebLink

corresponding agencies ranged between 0% and 4.5% over the last 12 months. In addition to the survey information obtained, staff also reviewed the Consumer Price Index (CPI) and found that the most recent numbers available for the San Francisco-Oakland Bay Area illustrate that the CPI has fluctuated from a low of 1.1 % to a high of 2.5% over this same 12-month period. In conclusion, the Management Compensation Plan provides for the establishment annually of a compensation pool for management employees. It is recommended that the City Council approve the attached resolution approving a 3.5% compensation pool for management employees. From this pool, the salaries of individual management employees will be adjusted based solely on performance. There are no automatic increases in compensation under the Management Plan, rather the driving factor in the consideration of a salary increase is whether the goals and objectives of the agency, for which that employee is responsible, are being completed in a timely and productive manner as well as the employee's overall performance, which is reviewed annually by the City Manager. FISCAL IMPACT The total cost of this increase on salaries, including the total cost of this increase on benefit premiums that are directly tied to wages (e.g. medicare, PERS contributions, etc) is $307,665. There are sufficient funds in the City's two-year Operating Budget to cover this expense. Respe tfully Submitted, Nelson Fialho City Manager Exhibit A -- Resolution C:word:pleasantonstaffreportmgt2005 05:290 2