03-01-2022 Retention IncentiveMonetary Retention Incentive
Follow Up
City Council
March 1, 2022
Brian Davis, Interim City Administrator
Retention Incentive Council Discussions
January 20 PRHSPS Committee
February 15 Regular Council Meeting
February 22 FEDRAC Committee
Based on discussions at the three meetings, Council has
narrowed the incentive down to four options:
Retention Incentive Council Discussions
Option 1: 2.5% of base salary
Option 2: $2,500 flat rate
2022 total incentive
$925,943
2022 total incentive
$922,500
2023 total incentive
$962,981
2023 total incentive
$922,500
Total
$1,888,924
Total
$1,845,000
Longevity incentive (>5 yrs) of $500
$209,000
Longevity incentive (>5 yrs) of $500
$209,000
Option 3: $3,000 flat rate
Option 4: $5,000 flat rate
2022 total incentive
$1,107,000
2022 total incentive
$1,845,000
2023 total incentive
$1,107,000
2023 total incentive
$1,845,000
Total
$2,214,000
Total
$3,690,000
Longevity incentive (>5 yrs) of $500
$209,000
Longevity incentive (>5 yrs) of $500
$209,000
Percentage vs. Flat Rate
Step C Salary
% of salary @ $2500
% of salary @ $3000
% of salary $5000
Custodian $45,000
5.56%
6.67%
11.11%
Police Lieutenant $130,000
1.92%
2.31%
3.85%
Senior -level positions are more difficult to recruit
Senior positions are in a more competitive job market and
therefore more difficult to retain
Departure of senior -level employees cause the most disruption
to the most employees
Fully onboarding senior -level employees can take up to six
months, whereas entry-level only need a few days; the of cost
losing senior employees is significantly greater than losing entry
level employees
Mayor's Recommendation
Option #1
Approve the proposed monetary
retention incentive for all city employees
based on a 2.5% model plus $500
longevity incentive for 2022 and 2023.
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