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
An across-the-board (ATB) pay increase of 1.0% has been approved for all Executive Branch and State classified employees. Merit increases have also been approved. Classified state employees can calculate the application of the across-the-board and merit increases for FY 2015-16 by clicking here.
- FY 2015-16 Across-the-Board & Merit Increases for State Employees
- FY 2015-16 Across-the-Board & Merit Pay Calculations
- FY 2015-16 Merit Pay Table
- FY 2015-16 Salary Calculator.xls
- Meet and Confer Guide
2016 Colorado State Minimum Wage
Effective January 1, 2016 - December 31, 2016
Minimum Wage: $8.31
Tipped Employee Minimum Wage: $5.29