BACKGROUND:
The Risk Management Department has had difficulty recruiting and retaining qualified Assistant Risk Managers in a large part due to non-competitive compensation. Market conditions have increased salaries across all employment sectors and has made it increasingly more difficult to recruit and retain experienced professionals in risk management. To proactively mitigate an increasingly more competitive market of qualified job candidates, the department seeks to reallocate the salary schedule of the Assistant Risk Manager classification to provide a more attractive and competitive compensation structure to attract top quality candidates to the County Risk Management Department. The proposed change will reduce the salary range from seven steps to five steps via the removal of the two lowest steps.
Additionally, Risk Management is requesting to place the incumbent Assistant Risk Manager at the new step one effective March 1, 2023. Employee number 86865 would remain at step one of the range with an effective salary increase from $8,492.47 to $9,362.95 per month.
CONSEQUENCE OF NEGATIVE ACTION:
If this action is not approved, the Risk Management Department will continue to have difficulty recruiting qualified candidates, as well as retaining experienced employees, leaving the department understaffed to meet service and management needs.