Annual Compensation Plans & Reports

The policy of the State of Colorado is to provide a competitive total compensation package to ensure that the State is able to recruit, reward and retain a qualified workforce. To support this policy, the State’s total compensation philosophy is to provide employees with pay increases that recognize employee performance and contributions, and group benefit plans that are competitive with prevailing market trends.

The Department of Personnel & Administration, Division of Human Resources is responsible for setting and maintaining the State of Colorado compensation plans and follows the annual compensation timeline below. 

ANNUAL COMPENSATION TIMELINE

August 1: C.R.S. Section 24-50-104(10)(b) requires the State Personnel Director to contract with a third-party compensation consulting firm with actuarial expertise and national standing to perform the total compensation study. It must include retirement benefits, and compare the total and component costs and values of the State's total compensation. The Department contracted with Milliman Inc. to conduct the analysis for the FY 2016-17 Annual Compensation Report. 

August 15: The Department is assessing the study that Milliman Inc. prepared and will publish the FY FY 2016-17 Annual Compensation Report on August 15, 2015.

May: Following the legislative process, the State Personnel Director announces the final compensation plan for the upcoming fiscal year.

June 1: New pay tables are available for the upcoming fiscal year.

July 1: Implementation of the Annual Compensation Plan.

ANNUAL COMPENSATION PLANS & REPORTS 

FY 2017-18

FY 2016-17

FY 2015-16

FY 2014-15 

FY 2013-14


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Meet and Confer Meetings - FY 2017-18 Annual Compensation Survey Process and Methodology 

Each year, the Department of Personnel & Administration’s Division of Human Resources (DHR) conducts a survey to measure and compare the total compensation package offered to the State’s classified employees.  This survey is conducted to ensure the total compensation package is competitive when compared to private industry and other government entities.  Findings from the annual survey are used to develop recommendations for salary adjustments; medical, dental and basic life insurance plan premium contributions; and leave benefits.  The survey results are submitted to the Governor on August 1st to assist in developing his proposed budget.

DHR will conduct the following informational (“meet and confer”) sessions to explain the survey process and methodology used in collecting information, to answer questions, and to seek employee feedback on the process. All meet and confer meetings are for informational purposes only and attendance is not required.

Tuesday, June 7, 2016

First session: 9 a.m. and  Second session: 1 p.m.

Department of Personnel & Administration
1525 Sherman St., Room 103
Denver, CO 80204

Wednesday, June 15, 2016

One session at 9 a.m.

Department of Personnel & Administration
1525 Sherman St., Room 103
Denver, CO 80204

Documents for the meet and confer meetings will be available at www.colorado.gov/dhr/compensation by Monday, June 6, 2016.  If you are unable to attend and would like to provide written feedback, please submit your comments to dpa_jobevalcomp@state.co.us by Friday, June 17, 2016.

Annual Total Compensation Survey Proposed Process

 


Employee Resources

Related Links 

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2016 Colorado State Minimum Wage

Effective January 1, 2016 - December 31, 2016

Minimum Wage: $8.31

Tipped Employee Minimum Wage: $5.29


2015 Colorado State Minimum Wage

January 1, 2015 - December 31, 2015

Minimum Wage: $8.23

Tipped Employee Minimum Wage: $5.21