The Arkansas Proposed Compensation Program for Officers and Key Management Personnel aims to establish a comprehensive framework for providing fair and competitive compensation to individuals in leadership roles within the state. This program recognizes the importance of attracting and retaining talented professionals who possess the skills and expertise necessary to efficiently and effectively manage various agencies and departments in Arkansas. 1. Base Salary: The program ensures that officers and key management personnel receive a competitive base salary that aligns with their responsibilities and qualifications. By offering a fair and competitive base salary, Arkansas intends to attract highly skilled professionals and retain them within the state's public sector. 2. Performance-Based Incentives: To motivate and reward exceptional performance, the program includes performance-based incentives. These incentives are tied to predefined performance goals and metrics, encouraging officers and key management personnel to consistently deliver outstanding results and contribute to the growth and success of their respective agencies. 3. Bonuses: Arkansas' proposed compensation program also incorporates bonuses as a means to recognize and reward exceptional performance, exceptional leadership skills, and outstanding contributions made by officers and key management personnel. These bonuses serve as additional incentives to drive high levels of performance and encourage innovation and creativity in problem-solving. 4. Long-Term Incentives: Long-term incentives are designed to promote stability and encourage officers and key management personnel to make commitments to the growth and development of Arkansas. These incentives may include stock options, deferred compensation plans, or retirement benefits, which provide participants with financial security and stability over an extended period. 5. Benefits and Perquisites: In addition to competitive salaries and performance-based incentives, the program also offers a comprehensive benefits package that includes health insurance, retirement plans, paid leave, and other perks commensurate with the responsibilities and demands of the officers and key management personnel roles. It is important to note that the specifics of Arkansas' proposed compensation program may vary depending on the agency or department in question. The program aims to provide a consistent framework but allows for tailored implementation based on the unique needs and nature of each entity. The Arkansas Proposed Compensation Program for Officers and Key Management Personnel seeks to foster a positive work environment for individuals in leadership positions, attracting and retaining high-performing professionals capable of driving growth, innovation, and success throughout the state.
Arkansas Proposed compensation program for officers and certain key management personnel
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The State of Arkansas offers a generous leave program for eligible employees. This includes annual, sick and holiday leave. There are additional leave benefits available such as paid maternity leave, children's educational activities leave, organ donor and disaster volunteer service leave.
Under the proposed budget, most state employees would receive a 4% salary increase for fiscal year 2023-24 and a 3% raise for fiscal year 2024-25.
State regular employees who are otherwise eligible will receive an increment on July 1, 2023, or January 1, 2024, based on the employee's entry-on-duty date (EOD). Contractual employees may receive an increment at the employing agency's discretion. EPP employees will receive a 2% merit increase on July 1, 2023.
Wages and salaries increased 1.2 percent and benefit costs increased 0.9 percent from June 2023. (See tables A, 1, 2, and 3.) Compensation costs for civilian workers increased 4.3 percent for the 12-month period ending in September 2023 and increased 5.0 percent in September 2022.
Two separate 5% base pay increases have been approved over the next two fiscal years. The first increase will be effective July 1, 2023. The second increase will be effective September 1, 2024. Each increase will result in a minimum of a $3,000-dollar annual pay raise for all employees.
When do I get paid? State employees are paid every other Friday. You can view your paycheck by logging onto ease.arkansas.gov.
ARBenefits is a comprehensive major medical health plan, with covered services including preventative care, physician services, hospital admissions & outpatient care, prescription drug coverage, behavioral/mental health services, rehabilitation, emergency care, and much more.
Grant Wallace, Director of the Employee Benefits Division (EBD), is a lifelong Arkansan who was born and raised in Little Rock, where he graduated from Catholic High School for Boys. Wallace graduated Summa Cum Laude with a bachelor's degree in general studies from Texas Tech University.
Across industries and occupations, the average (mean) salary increase budget grew 4.4% in 2023. Median growth came in slightly lower at 4.0%. This reflects diverging trends between companies offering the lowest and highest pay increases.
Grant J. Wallace is the Director of the Employee Benefits Division (EBD).