PROJECTS

DRAFT FOR DISCUSSION

Document Executive Hiring and Compensation Practices

This covers documenting past practices such as: forming a search committee, conducting a nationwide search and recommendations to the Board, negotiating employment contracts, and offering executive level benefits.

Documentation Compensation Review Practices

-- Continue with annually reviewing comparative salaries from local surveys, COF surveys and association surveys.

-- Recommend conducting formal studies with an outside consultant on a rotational basis (i.e. 2-3 years) depending on employee market or financial market conditions.

-- Recommend philosophy statement.

Complete Study for Financial and Administrative/Operations Staff

Document Director Search and Compensation Practices

The Foundation has a nominating committee which should effectively cover the search element of the Foundation's practices. However, the philosophy for compensation should be documented.

TIME LINE

DRAFT FOR DISCUSSION

February	Final Directors and Officers and Program Staff Study; Begin development of staff review forms and review and update job descriptions.

March &	Review and refine projects and time line;

April	Begin documentation of executive hiring and retention practices and compensation review practices.

May	Distribute studies to Personnel Committee and obtain Board approval, if required, for documentation of director search and compensation practices.

June &	Complete documentation for executive hiring and

July	retention and compensation review practices;

Retain consultant for financial and administrative/ operations staff;

Final staff review forms and job descriptions.

August	Review all projects completed and in progress.

October	Complete financial and administrative/operations staff compensation study;

Review compensation and benefits for November budget.

November	Propose for adoption the following executive:

• Hiring and compensation practices

• Compensation review practices

• Directors search and compensation practices