SR 06:110 - Laserfiche WebLink

Revised Total Compensation Proposal- March 21, 2006 Page 12 of 16 Private sector retirement information collected will include defined contribution plan; defined benefit plan and/or contribution to 401(k) plan or any other plan provided. )> Insurance - The dollar amount that the organization contributes for the employee (and family) Health, Dental, Life, Long-Term Disability, Short- Term Disability, Vision, Employee Assistance Program (EAP), etc. )> Leave - Other than sick leave, which is usage-based, leave is the amount of days off for which the agency/company is obligated. All days will be translated into direct salary costs. * Holidays - The number of holidays (including floating) available to the employee on an annual basis. * Vacation - The number of vacation days available to all employees after five years of employment. * Administrative/Personal Leave - Administrative leave is normally the number of days available to management staff to compensate for the lack of payment for overtime. Personal leave may be available to other groups of employees to augment vacation or other time off. )> Automobile - This category includes either the provision of an auto allowance or the provision of an auto for official and/or personal use. )> Deferred Compensation - This is any deferred compensation provided to all members of a classification, either as an employer matching contribution or as a straight dollar or percentage contribution. )> Variable Pay - This category includes other forms of pay that are budgeted and may be considered as part of the employee's total compensation (in varying degrees). Within private companies, variable pay may be a significant percentage of an employee's overall annual compensation. The difficulty in collecting and expressing this data is that variable pay is based upon a company's profitability and varies greatly from one year to another. For this reason, we show variable pay (bonus potential for both public and private) as a separate line item. )> Other - This category includes any other benefits that are available to all employees within a classification and not already specifically detailed. I C. DATA COLLECTION Our firm does not collect market salary data by merely sending out a written questionnaire. We find that such questionnaires are often delegated to the individual in the department with the least experience in the organization and KOFF & ASSOCIATES, INC.