In a recent government meeting, city officials discussed a comprehensive review of employee compensation structures, revealing that current pay levels are trailing the market by approximately 15%. The analysis highlighted that the city’s compensation is about 4% below public sector peers and significantly lower than private sector offerings.

To address these disparities, the city is considering a hybrid pay plan designed to enhance competitiveness in attracting and retaining talent. This plan includes an open range structure, which aligns closely with public sector standards, and a broader broadband pay plan that allows for greater flexibility in adjusting salaries in response to market changes. The broadband approach is noted for its potential to provide a competitive edge, enabling quicker salary adjustments in a rapidly evolving job market.

The proposed changes are expected to cost around $2.6 million annually, which encompasses salary increases and associated benefits. Initial implementation costs are estimated at $650,000, aimed at addressing immediate pay adjustments to prevent employee compression and inversion issues.

City officials plan to roll out the new pay structures between August and October of this year, with a specific focus on public safety positions set to be implemented by January 2025. The overall goal is to ensure that the city remains an attractive employer in a competitive labor market, particularly as inflation and job offerings continue to rise.