HomeMy WebLinkAboutI. C. MARKET SALARY SURVEY SCOPE 7.2.24City of Virginia Beach
Market Salary Survey
July 2, 2024
2024 Market Salary Survey
•The City has identified a cooperative agreement with The Segal Group
to perform 2024 Market Salary Survey
•Segal has requested guidance on project specifics
•Seeking confirmation of recommendations and any additional
feedback/guidance from City Council
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2022 Compensation Actions
•Last Market Salary Survey conducted in 2021 and implemented July 1, 2022
•Total Compensation Study was inclusive of pay, benefits, leave, compensation structure, pay policies, incentives and supplemental pay, and flexible work arrangements
•City Council requested development of step plan and establishment of minimum hourly rate of $15/hour
•Employees received minimum of 5% increase; average increase was 9%
• Cost $32.8M
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Current State
•City is continuing to right size compensation structure to reflect
$15/hour as Step 1 of lowest range
•Local market cities have increased their minimum hourly rates beyond
$15/hour
•Certain positions remain hard to fill and occupational values have
changed due to labor market
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Current State cont.
•Total Rewards Philosophy currently seeks to be competitive; prior to
mid- 2000’s the City sought to be highest paid in region
•“Competitive” has been defined as falling within 5% of a comparable
midpoint, but can be based on pay range minimums or pay range
maximums
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Considerations for Discussion
•Market position
•Survey scope
•Market comparators
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Market Position
•Currently seek to be competitive; recommend City retain this position
•Still some work to be done toward competitive “meets” philosophy
City P/T Minimum Rate F/T Minimum Rate
Virginia Beach $15.07 $15.36
Portsmouth $14.42 $14.42
Hampton $15.00 $15.75
Newport News $15.00 $15.75
Norfolk $15.00 $19.56
Suffolk $14.20 $14.20
Chesapeake $16.19 $16.19
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Project Scope
•2022: Pay, benefits, annual/sick leave, holidays and paid time off, compensation plan structure and policies
•Additional considerations:
•Fire 56 hour workweek
•Specific private sector data for hard to fill positions (CDL, trades,
professional engineers, etc .)
•Retirement pay out for sick leave
•Public safety overtime by rank
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2022 Market Comparators
Virginia
Virginia Beach Public SchoolsFairfax CountyHampton Roads Sanitation DistrictLoudoun CountyChesapeakeAlbemarle CountyNewport NewsRichmondNorfolkHenrico County
Outside of Virginia
Arlington, TXBroward County, FLMinneapolis, MNRaleigh, NCWichita, KS
Segal also included data from several private sector surveys and the federal pay scale(s)
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Questions and Comments?
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