regents 03
TRANSCRIPT
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STAFF COMPENSATION &
BENEFITS DISCUSSION
Presented by:
Patti Dion, Director Employee Relations & Compensation
Pete Ronza, Assistant Director
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AGENDA
Staff Demographics - What does the staff population look like?
Market Analysis Factors - How do we arrive atthe market rate for jobs?
Market Comparisons - How do University jobscompare to the market?
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STAFF DEMOGRAPHICS
Male FemaleMinority
2002
Change inMinority from
2001
Twin Cities 39% 61% 13.9% +0.7%
Duluth 38% 62% 4.4% 0.0%
Morris 34% 66% 4.1% -.04%
Crookston 39% 61% 1.8% 0.0%
University 38% 62% 12.9% +.07%
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STAFF DEMOGRAPHICS
Average Age of Staff = 42.6
Average Length of Service = 10.6 years
Turnover = 12% (14% in 2001) Average Retirement Age = 61
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STAFF DEMOGRAPHICS Average Wages
Hourly AnnualIncrease fromprevious year
2000 $17.40 $36,192 +6.5%
2001 $18.18 $37,814 +4.5%
2002 $18.83 $39,166 +4.5%
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MARKET ANALYSIS FACTORSCompetitive Market Definition
Labor market for a job that we compete with for recruitment and retention.
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MARKET ANALYSIS FACTORSCompetitive Market Definition-Job Families
Administration
Athletics
Clerical Education & Outreach
Finance & Accounting
Health Services
Human Resources/EO
Information Technology
Institutional Relations
Legal Library & Collections
Research/Science
Student Services
Support Services
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MARKET ANALYSIS FACTORSData Analysis Considerations
Employer Size - Comparable to the University
Geographical Area - Metro, regional, national
Industry Competitors -Public or private
Survey Source - Reliable and published regularly
Survey Date/Aging - Within a year
Market Movement - Hot or normal movement
Job Specialty - Are there specialties within an occupation Reliable Match - Comparability of market job to University job
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MARKET ANALYSIS FACTORSMarket Position Definition
Market Average
Lead Market
(competitive, priority, or critical areas) Lag Market
(soft markets, UofM preferred employer, benefits)
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MARKET RELATIONSHIPSBenefits Package
Basic Retirement Plan
Optional Retirement Plan
Optional Short-term & Long-term Disability Plans
Vacation and Sick Leave
Medical
Dental
Life Pre-tax Reimbursement Accounts
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MARKET RELATIONSHIPSBenefit Comparisons - 2002
ni ersit of Minnesota
P licSector
Pri ateSector
Ass me
Base Pa ,220 ,220 ,220
Total CasBenefitsTime Off
,0 2( . of ase)
, 2( . of ase)
,( . of ase)
CA Stanton2002
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MARKET RELATIONSHIPSBenefits Package Issues
Retirement Plan
Vacation and Sick Leave
Medical
Dental
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SERVICE IMPROVEMENTSInformation Technology Job Family Re-Design
1998-2000 2000-2002
Number of Classification
Audits122 3
AverageHours of Labor per
Audit
16 7
Total Average Costof Labor
$46,848 $504
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SERVICE IMPROVEMENTS
Updated and flexible classifications of work
Enhanced market competitiveness
Flexible use of staff
Reduction of bureaucracy
Civil Service Human Resources/EO, Pharmacists,Nursing, Purchasing and job families completed
AFSCME Clerical & Office classification study underway