Arkansas Proposed compensation program for officers and certain key management personnel

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Multi-State
Control #:
US-CC-20-297A-NE
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Word; 
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This sample form, a detailed Proposed Compensation Program for Officers and Certain Key Management Personnel document, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats.
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FAQ

The State of Arkansas offers a generous leave program for eligible employees. This includes annual, sick and holiday leave. There are additional leave benefits available such as paid maternity leave, children's educational activities leave, organ donor and disaster volunteer service leave.

Under the proposed budget, most state employees would receive a 4% salary increase for fiscal year 2023-24 and a 3% raise for fiscal year 2024-25.

State regular employees who are otherwise eligible will receive an increment on July 1, 2023, or January 1, 2024, based on the employee's entry-on-duty date (EOD). Contractual employees may receive an increment at the employing agency's discretion. EPP employees will receive a 2% merit increase on July 1, 2023.

Wages and salaries increased 1.2 percent and benefit costs increased 0.9 percent from June 2023. (See tables A, 1, 2, and 3.) Compensation costs for civilian workers increased 4.3 percent for the 12-month period ending in September 2023 and increased 5.0 percent in September 2022.

Two separate 5% base pay increases have been approved over the next two fiscal years. The first increase will be effective July 1, 2023. The second increase will be effective September 1, 2024. Each increase will result in a minimum of a $3,000-dollar annual pay raise for all employees.

When do I get paid? State employees are paid every other Friday. You can view your paycheck by logging onto ease.arkansas.gov.

ARBenefits is a comprehensive major medical health plan, with covered services including preventative care, physician services, hospital admissions & outpatient care, prescription drug coverage, behavioral/mental health services, rehabilitation, emergency care, and much more.

Grant Wallace, Director of the Employee Benefits Division (EBD), is a lifelong Arkansan who was born and raised in Little Rock, where he graduated from Catholic High School for Boys. Wallace graduated Summa Cum Laude with a bachelor's degree in general studies from Texas Tech University.

Across industries and occupations, the average (mean) salary increase budget grew 4.4% in 2023. Median growth came in slightly lower at 4.0%. This reflects diverging trends between companies offering the lowest and highest pay increases.

Grant J. Wallace is the Director of the Employee Benefits Division (EBD).

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Arkansas Proposed compensation program for officers and certain key management personnel