Page 42 - PowerPoint Presentation

The Town of Westlake believes that market-based salary, in combination with employee
competence and their overall contribution to the Town’s success, should largely determine their
compensation and career advancement opportunities. The goal of the compensation plan is to
attract and retain top talent and utilize best practices in all systems and processes supporting the
plan.

Salary adjustments will be made in order to remain competitive, retain talent, and reward
outstanding performance. Pay increases may occur due to market adjustments, or through
performance pay. All forms of compensation are subject to Town Manager approval and
available funding appropriated on an annual basis by the Town Council.

TYPES OF SALARY ADJUSTMENTS

MARKET ADJUSTMENTS
The Town conducts a biannual market salary study. Depending on the results of the market study,
and if funds are available, all or some of the salary bands will be proposed to the Town Council for
adjustment.

Proposed adjustments to any pay band will not be proposed unless the market study indicates
bands have increased by 2.5% or more. Employee salaries may receive a market adjustment if
their current salary has shifted to become less than 97.5% of the market average. If any market
adjustment is approved, all pay ranges and steps will be adjusted accordingly on the first day of
the fiscal year. This does not include the Town Manager, whose compensation is determined by
the Town Council.

PERFORMANCE PAY
On-going performance pay may be awarded to individuals or teams who, as determined in their
performance evaluation, have clearly gone “above and beyond” their traditional roles, job duties,
and assignments over the evaluation period. Performance pay is awarded through the review
process and the established criteria outlined by the HR Department.

One-time performance pay may be offered to employees or teams who, based on performance
evaluation, have been determined to have gone “above and beyond” expectations. One-time
performance pay is a lump-sum, one-time payment, and will not impact the base pay of the
employee and will not move their pay within their position’s assigned band. All performance pay,
whether on-going or one-time adjustments, is dependent upon the availability of financial
resources.

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