Contra Costa California Compensation Program for Officers and Certain Key Management Personnel with attachments

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Contra Costa
• Control #: US-CC-20-297D
• Format: Word; Rich Text

Description

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) Contra Costa County, located in California, offers a comprehensive Compensation Program for Officers and Certain Key Management Personnel. This program aims to attract and retain high-performing individuals in critical positions throughout the county's government agencies. The Contra Costa California Compensation Program covers various roles within the county, including law enforcement officers, supervisors, managers, and key executives across departments such as health services, public works, finance, and more. Based on the important responsibilities and expertise required in these positions, the compensation program provides a competitive and well-rounded package to ensure quality recruitment and employee satisfaction. The main components of the Compensation Program include: 1. Base Salary: The program establishes a competitive base salary scale for officers and key management personnel based on factors like job requirements, experience, and market trends. Regular salary adjustments may occur to keep pace with industry standards and cost of living changes. 2. Benefits and Allowances: Contra Costa County offers a comprehensive range of benefits and allowances to enhance the compensation package. These may include health and dental insurance, retirement plans, life and disability insurance, vacation and sick leave accrual, and educational assistance programs. 3. Performance-Based Incentives: The compensation program may incorporate performance-based incentives to recognize and reward exceptional job performance. These incentives can be monetary bonuses, merit pay increases, or recognition programs tailored to specific departments and employee groups. 4. Additional Compensation: Certain positions within the county, such as those requiring specific certifications, expertise, or additional responsibilities, may be eligible for additional compensation or specialized allowances. These may include bilingual pay differentials, hazardous duty pay, technological skill differentials, and more. 5. Retirement and Deferred Compensation: As part of the compensation program, Contra Costa County provides retirement benefits through its retirement system, including pension and deferred compensation plans. These benefits ensure long-term financial security for officers and key management personnel upon retirement. Attachments: 1. Compensation Program Guidelines: This document outlines the specifics of the Compensation Program, including eligibility criteria, salary scales, benefit details, performance evaluation processes, and any contractual agreements. 2. Job Descriptions: Attached job descriptions provide comprehensive details regarding the duties, responsibilities, and qualifications required for different positions covered under the compensation program. These descriptions help potential candidates understand their role and the associated compensation. 3. Performance Evaluation Criteria: This attachment provides information on how employee performance is assessed, the criteria used, and the process for performance-based incentives or merit pay increases. Please note that the various types of Contra Costa County compensation programs may differ slightly in terms of eligibility criteria, salary structures, and benefits based on specific departments and employee groups. It is essential to refer to the specific program guidelines and attachments relevant to each individual position or department within Contra Costa County.

Contra Costa County, located in California, offers a comprehensive Compensation Program for Officers and Certain Key Management Personnel. This program aims to attract and retain high-performing individuals in critical positions throughout the county's government agencies. The Contra Costa California Compensation Program covers various roles within the county, including law enforcement officers, supervisors, managers, and key executives across departments such as health services, public works, finance, and more. Based on the important responsibilities and expertise required in these positions, the compensation program provides a competitive and well-rounded package to ensure quality recruitment and employee satisfaction. The main components of the Compensation Program include: 1. Base Salary: The program establishes a competitive base salary scale for officers and key management personnel based on factors like job requirements, experience, and market trends. Regular salary adjustments may occur to keep pace with industry standards and cost of living changes. 2. Benefits and Allowances: Contra Costa County offers a comprehensive range of benefits and allowances to enhance the compensation package. These may include health and dental insurance, retirement plans, life and disability insurance, vacation and sick leave accrual, and educational assistance programs. 3. Performance-Based Incentives: The compensation program may incorporate performance-based incentives to recognize and reward exceptional job performance. These incentives can be monetary bonuses, merit pay increases, or recognition programs tailored to specific departments and employee groups. 4. Additional Compensation: Certain positions within the county, such as those requiring specific certifications, expertise, or additional responsibilities, may be eligible for additional compensation or specialized allowances. These may include bilingual pay differentials, hazardous duty pay, technological skill differentials, and more. 5. Retirement and Deferred Compensation: As part of the compensation program, Contra Costa County provides retirement benefits through its retirement system, including pension and deferred compensation plans. These benefits ensure long-term financial security for officers and key management personnel upon retirement. Attachments: 1. Compensation Program Guidelines: This document outlines the specifics of the Compensation Program, including eligibility criteria, salary scales, benefit details, performance evaluation processes, and any contractual agreements. 2. Job Descriptions: Attached job descriptions provide comprehensive details regarding the duties, responsibilities, and qualifications required for different positions covered under the compensation program. These descriptions help potential candidates understand their role and the associated compensation. 3. Performance Evaluation Criteria: This attachment provides information on how employee performance is assessed, the criteria used, and the process for performance-based incentives or merit pay increases. Please note that the various types of Contra Costa County compensation programs may differ slightly in terms of eligibility criteria, salary structures, and benefits based on specific departments and employee groups. It is essential to refer to the specific program guidelines and attachments relevant to each individual position or department within Contra Costa County.