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.
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
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 conducted 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 were held for informational purposes only.
Documents for the meet and confer meetings are available at www.colorado.gov/dhr/compensation.
2017 Colorado State Minimum Wage
Effective January 1, 2017 - December 31, 2017
Minimum Wage: $9.30
Tipped Employee Minimum Wage: $6.28