Cuyahoga Ohio Compensation Program for Officers and Certain Key Management Personnel with attachments

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Cuyahoga
• 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) The Cuyahoga Ohio Compensation Program for Officers and Certain Key Management Personnel is a comprehensive program designed to provide competitive compensation packages to eligible individuals who hold key leadership positions within the county. This program aims to attract, retain, and motivate high-performing officers and key management personnel, ensuring the county can effectively execute its vital functions and deliver exceptional services to its residents. The compensation program recognizes the critical role these individuals play in maintaining the county's overall performance and success. The program encompasses a range of compensation components, including base salary, performance-based bonuses, long-term incentives, benefits, and additional perks. These elements are designed to align with industry standards and reflect the responsibilities and impact of the eligible positions. Key attachments related to the Cuyahoga Ohio Compensation Program for Officers and Certain Key Management Personnel may include: 1. Compensation Structure: This document outlines the framework of the program, detailing the various components of compensation, performance metrics, and how they contribute to overall remuneration. 2. Job Evaluation Guidelines: This attachment provides guidelines for assessing the positions of officers and key management personnel, establishing a consistent and fair method for evaluating their responsibilities, skills, and impact. 3. Performance Metrics and Evaluation Criteria: This attachment outlines the key performance measures and evaluation criteria used to assess the performance of officers and key management personnel. It provides clarity on the expectations and targets set for each role. 4. Benefits and Perks: This attachment highlights the comprehensive benefits package offered to eligible individuals, including health insurance, retirement plans, paid time off, and other incentives that contribute to overall compensation. Different types or tiers of the Cuyahoga Ohio Compensation Program for Officers and Certain Key Management Personnel may include: 1. Executive Tier: This tier caters to top-level executives and encompasses positions such as County Executive, Chief Administrative Officer, or County Auditor. 2. Director Tier: This tier includes directors responsible for overseeing major departments or divisions within the county administration, such as the Director of Public Works or Director of Finance. 3. Manager Tier: This tier comprises mid-level managers who lead teams and departments within the county, such as the Manager of Human Resources or Manager of Information Technology. 4. Specialist Tier: This tier caters to specialized roles within the county administration, which require unique skills and expertise, such as Legal Counsel or Economic Development Specialist. Each tier may have different compensation structures, benefits, and performance expectations to ensure alignment with the specific roles and responsibilities within the respective tier. Overall, the Cuyahoga Ohio Compensation Program for Officers and Certain Key Management Personnel strives to provide a fair, competitive, and performance-driven compensation package to attract and retain top-notch talent, enabling the county to fulfill its mission efficiently and effectively.

The Cuyahoga Ohio Compensation Program for Officers and Certain Key Management Personnel is a comprehensive program designed to provide competitive compensation packages to eligible individuals who hold key leadership positions within the county. This program aims to attract, retain, and motivate high-performing officers and key management personnel, ensuring the county can effectively execute its vital functions and deliver exceptional services to its residents. The compensation program recognizes the critical role these individuals play in maintaining the county's overall performance and success. The program encompasses a range of compensation components, including base salary, performance-based bonuses, long-term incentives, benefits, and additional perks. These elements are designed to align with industry standards and reflect the responsibilities and impact of the eligible positions. Key attachments related to the Cuyahoga Ohio Compensation Program for Officers and Certain Key Management Personnel may include: 1. Compensation Structure: This document outlines the framework of the program, detailing the various components of compensation, performance metrics, and how they contribute to overall remuneration. 2. Job Evaluation Guidelines: This attachment provides guidelines for assessing the positions of officers and key management personnel, establishing a consistent and fair method for evaluating their responsibilities, skills, and impact. 3. Performance Metrics and Evaluation Criteria: This attachment outlines the key performance measures and evaluation criteria used to assess the performance of officers and key management personnel. It provides clarity on the expectations and targets set for each role. 4. Benefits and Perks: This attachment highlights the comprehensive benefits package offered to eligible individuals, including health insurance, retirement plans, paid time off, and other incentives that contribute to overall compensation. Different types or tiers of the Cuyahoga Ohio Compensation Program for Officers and Certain Key Management Personnel may include: 1. Executive Tier: This tier caters to top-level executives and encompasses positions such as County Executive, Chief Administrative Officer, or County Auditor. 2. Director Tier: This tier includes directors responsible for overseeing major departments or divisions within the county administration, such as the Director of Public Works or Director of Finance. 3. Manager Tier: This tier comprises mid-level managers who lead teams and departments within the county, such as the Manager of Human Resources or Manager of Information Technology. 4. Specialist Tier: This tier caters to specialized roles within the county administration, which require unique skills and expertise, such as Legal Counsel or Economic Development Specialist. Each tier may have different compensation structures, benefits, and performance expectations to ensure alignment with the specific roles and responsibilities within the respective tier. Overall, the Cuyahoga Ohio Compensation Program for Officers and Certain Key Management Personnel strives to provide a fair, competitive, and performance-driven compensation package to attract and retain top-notch talent, enabling the county to fulfill its mission efficiently and effectively.