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APPROVAL OF SALARY INCREASES AND RESERVE REQUIREMENTS FOR MEDICAL CENTER EMPLOYEES
 
 
 
 
 
 
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APPROVAL OF SALARY INCREASES AND RESERVE REQUIREMENTS FOR MEDICAL CENTER EMPLOYEES

The following resolution was adopted:

WHEREAS, the codified autonomy legislation expanded the Board of Visitors authority to establish compensation plans; and

WHEREAS, compensation surveys and trends data of salaries paid by area, state and regional health care and other employers have been conducted and analyzed; and

WHEREAS, the results of this information support an average salary increase of 4.0 percent, for Medical Center employees, effective fiscal year 2001, with up to an additional 2.0 percent of total fiscal year 2000 salaries to be used to adjust salaries of critical personnel to market rates, if required.

RESOLVED that the performance-based salary adjustments for Medical Center employees of 4.0 percent, and additional adjustments for critical personnel not to exceed 2.0 percent of total fiscal year 2000 salaries, are approved; and

RESOLVED FURTHER, adjustment of salary ranges by 4.0 percent at the minimum to accommodate salary increases is approved.