Tennessee Compensation Program for Officers and Certain Key Management Personnel with attachments

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US-CC-20-297D
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20-297D 20-297D . . . Compensation Program for Officers and Certain Key Management Personnel which is administered by Chief Executive Officer with approval of Compensation Committee. Participants receive variable compensation tied directly to achievement of key corporate-wide objectives. Participants fall within either Band A, Band B, or Band C depending on nature of their positions and their impact on corporation. Opportunities for variable compensation awards vary depending upon which "Band" participant falls into. Awards can range from 12.5% to 75% of base salaries. Plan provides that awards will not be paid unless earnings, after subtracting variable compensation, are greater than dividends paid in year for which variable compensation is to be awarded. Awards are paid in cash, stock grants and restricted stock (no transferability during first five years after grant and forfeiture of stock upon termination of employment, except for retirement, death or disability, during first years after grant)

Title: Tennessee Compensation Program for Officers and Certain Key Management Personnel: Overview, Types, and Attachments Description: The Tennessee Compensation Program for Officers and Certain Key Management Personnel is a comprehensive initiative designed to ensure fair and competitive compensation packages for individuals in leadership roles within the state's organizations. This detailed description provides an overview of the program, highlighting its key aspects, types, and attachments. 1. Overview: The Tennessee Compensation Program aims to attract, retain, and motivate highly skilled individuals capable of effectively leading and managing various state agencies and departments. This program recognizes the significance of offering competitive compensation to officers and key management personnel, enabling the state to remain competitive with the private sector. 2. Types of Compensation Programs: The Tennessee Compensation Program encompasses several types of programs that cater to different sectors and levels of leadership within the state. The key programs include: a. Executive Compensation Program: This program focuses on officers holding the highest positions within state government agencies and departments. It ensures their compensation aligns with industry standards, attracting top-tier executive talent. b. Upper Management Compensation Program: This program targets key individuals within state organizations who are responsible for driving significant results and carrying out strategic initiatives. It offers competitive pay according to their unique skill set and role requirements. c. Middle Management Compensation Program: This program aims to provide attractive compensation and benefits packages for mid-level managers who play a critical role in ensuring effective implementation of policies and delivering desired outcomes. 3. Attachments: The Tennessee Compensation Program includes various attachments that complement the core program. These attachments provide supplemental resources, guidelines, and frameworks to effectively administer and execute the program. Some common attachments might include: a. Compensation Guidelines: These guidelines offer a comprehensive framework for determining appropriate compensation levels, considering factors such as job responsibilities, market competitiveness, performance, and experience. b. Salary Structures: The program may include specific salary structures outlining pay ranges, salary bands, and the criteria for progression within each compensation program. c. Performance Evaluation Metrics: To ensure transparency and accountability, the program utilizes performance evaluation metrics to assess individual performance, which then influences compensation decisions. d. Benefits and Incentives: The program may offer a range of benefits and incentives, such as healthcare plans, retirement packages, performance-based bonuses, and stock options, to attract and retain top talent. e. Reporting Requirements: State agencies may be required to regularly report compensation data and program outcomes to maintain transparency and ensure compliance with relevant laws and regulations. In conclusion, the Tennessee Compensation Program for Officers and Certain Key Management Personnel encompasses various types of programs tailored to different leadership levels. These programs are supported by attachments such as guidelines, salary structures, performance metrics, benefits, and reporting requirements. This comprehensive framework contributes to attracting highly skilled individuals to crucial positions within the state, fostering effective governance and administration.

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  • Preview Compensation Program for Officers and Certain Key Management Personnel with attachments
  • Preview Compensation Program for Officers and Certain Key Management Personnel with attachments
  • Preview Compensation Program for Officers and Certain Key Management Personnel with attachments
  • Preview Compensation Program for Officers and Certain Key Management Personnel with attachments
  • Preview Compensation Program for Officers and Certain Key Management Personnel with attachments
  • Preview Compensation Program for Officers and Certain Key Management Personnel with attachments
  • Preview Compensation Program for Officers and Certain Key Management Personnel with attachments
  • Preview Compensation Program for Officers and Certain Key Management Personnel with attachments

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As of , the average hourly pay for a Hourly in Tennessee is $17.66 an hour. While ZipRecruiter is seeing salaries as high as $23.78 and as low as $12.99, the majority of Hourly salaries currently range between $16.06 (25th percentile) to $19.38 (75th percentile) in Tennessee.

The State of Tennessee Employee Discount Program exists to offer state employees discounts on products and services from various vendors in order to express appreciation for the valued service state employees provide Tennessee citizens.

The Employee Suggestion Award Program (ESAP) provides a way for state employees to submit ideas and suggestions to improve state government operations or services and reduce costs.

The ?pay period? for state employees shall be semimonthly. On or about the last day of every such ?pay period,? all state employees shall be paid for the preceding semimonthly period or any part thereof for which compensation is due.

Earlier this year, in January 2023, state employees received one-time bonuses ranging from 1.5% to 3.75% based on their performance ratings. For more information about Pay for Performance or how to calculate your base salary increase and/or one-time cash bonus, please refer to the FAQs, or visit teamtn.gov/hr.

Classification and compensation plans group positions on the basis of a uniform criteria (i.e. job duties and knowledge requirements). It then allocates positions to salary grades that reflect their relative worth to the organization.

How much does State of Tennessee pay? The average State of Tennessee salary ranges from approximately $36,143 per year for a Clerk to $133,603 per year for a Director. The average State of Tennessee hourly pay ranges from approximately $17 per hour for a Clerk to $62 per hour for an Executive Director.

The average State of Tennessee salary ranges from approximately $33,161 per year for Senior Clerk to $103,243 per year for Risk Manager. The average State of Tennessee monthly salary ranges from approximately $2,551 per month for Production Technician to $10,636 per month for Employee Relations Manager.

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Edit Compensation Program for Officers and Certain Key Management Personnel with attachments. Easily add and highlight text, insert images, checkmarks, and ... The Division of Classification/Compensation serves as a consultant with state agencies to determine appropriate strategies and solutions in meeting ...Download the file. When the Compensation Program for Officers and Certain Key Management Personnel with attachments is downloaded you are able to complete, ... Step 2: Complete the entire form, providing information about your idea and save the document on your computer. Step 3: Send your completed ESAP Suggestion Form ... Jan 31, 2020 — You must complete and submit. Form 1023, including Schedule E (or, if eligible, Form 1023-EZ), and pay the appropriate user fee. If your ... No information is available for this page. Jun 1, 2011 — The Guide to Personnel Recordkeeping will state that agencies will recognize the format of the official personnel folder as the official ... Number, Title, Form Category, Form Type, Revision. DS130, LQA - Living Quarters Allowance Annual/Interim Expenditures Work Sheet, Personnel. OT. 04/2015. 6 days ago — If the change in key personnel or the level of effort falls below the budget revision threshold, then the letter must include the statement, “ ... Feb 7, 2018 — The Human Resources Department maintains a plan of compensation for all classes of positions. ... employee may file a complaint with the Tennessee ...

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Tennessee Compensation Program for Officers and Certain Key Management Personnel with attachments