12.07.2015 Views

Variable Compensation - Mississippi State Personnel Board

Variable Compensation - Mississippi State Personnel Board

Variable Compensation - Mississippi State Personnel Board

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

VCP 0212b. Lateral ReallocationsAll lateral reallocations must be justified and submitted by the requestingagency in accordance with <strong>State</strong> <strong>Personnel</strong> <strong>Board</strong> policies and procedures.The authorized salary for the lateral reallocation of a filled position is nomore than the current salary before the reallocation. However, where thesalary authorized for the lateral reallocation is less than the salary, whichcould be authorized for a new hire (ten percent above start), salaryflexibility may be awarded under the same criteria set forth under theprovisions for “New Hire Flexibility,” Section D.5.b.c. Downward ReallocationsAll downward reallocations must be justified and submitted by therequesting agency in accordance with <strong>State</strong> <strong>Personnel</strong> <strong>Board</strong> policies andprocedures. The salary authorized for the downward reallocation of afilled position is determined by the following method:(1) The authorized salary for any downward reallocation shall be nogreater than the difference between the old and the new startingsalaries, subtracted from the current salary. However, at agencyhead discretion, the authorized salary may be reduced to a lowersalary within the pay range of the new job class to ensure equitablecompensation with other employees in the same classification. Awritten acknowledgement signed by the affected employee shallaccompany all downward reallocations.EXAMPLECurrent Salary: $18,408.60Old Start Salary: $18,220.80New Start Salary: $12,648.12$18,220.80 - $12,648.12 = $ 5,572.68$18,408.60 - $ 5,572.68 = $12,835.92 MAX(2) In extraordinary circumstances, the agency may request the <strong>State</strong><strong>Personnel</strong> Director to allow the employee to remain at his/hercurrent salary as long as the current salary does not exceed the endsalary of the new classification.(3) Where the salary authorized for the downward reallocation is lessthan the salary, which could be authorized for a new hire (tenpercent above start), salary flexibility may be awarded under the8

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!