FY2017 Market Program Overview Manager Sessions

2 Agenda Market Program Refresher FY2017 Market and New Hire Minimum Overview Key Messages and Next Steps for Managers 2

3 Packet Contents Personalized Pay Statement Packet Contents: Customized Report by Department Personalized Pay Statements for each team member Support Materials for Managers available under leadership tools: FAQ’s Staff PowerPoint 3

4 Market Program Refresher The Medical Center’s Commitment to Compensation: Continues to be a major investment for the Medical Center The market adjustments for FY16 represented an $4M investment in our people We are committed to an annual market review of all positions to ensure that our compensation program remains competitive We are committed to communicating with our employees about total rewards 4

5 Market Program Refresher Facts about Market Adjustments: When market adjustments are implemented they will be the same for every employee within the same job title, and are given as a cents-per-hour adjustment. Graduated adjustments will apply to those employees receiving a new hire minimum adjustment However, market adjustments may not take an employee over the new range maximum All employees must be paid at least the new range minimum 5

6 FY17 Market Preview Timing: Our market adjustments will go into effect on July 3, 2016, reflected in the paycheck date of July 22, Keep in mind that the adjustments will be loaded into PeopleSoft by Thursday July 7 th and may be available to view in the system. 6

7 FY17 Market Preview Adjustments: Approximately 62% of employees will receive a market and/or new hire minimum adjustment this year This represents an investment of approximately $6M including benefits 7

8 FY17 Market Preview Examples of Roles Receiving Market Adjustments: –RNs and associated jobs –Advanced Clinical Practitioners –Medical Technologist and other specialty lab –Radiology and specialties –Pharmacy Technician –Respiratory Therapists (not CRTs) –Therapists – Physical, Occupational & Speech –Social Workers –Medics –LPNs –Some non-clinical jobs across the organization such as Admin Support Majority of jobs are moving one pay grade

9 New Hiring Minimum Overview We will continue to align with the University minimum hire rate and will increase it to $12.38/hr We are committed to taking care of our team members as they take care of our patients This philosophy aligns with our values of respect and dignity and helps ensure that some of our lower-paid team members are paid fairly and competitively for the contributions they make to our patients and the communities we serve 9

10 New Hiring Minimum Overview Along with updating our new hire minimum we are taking this opportunity to recalculate the lower pay ranges These updates will: Provide a more meaningful differential between pay grades 2-13 Provide more salary growth in these jobs by expanding the ranges to more traditional 55% spreads (distance between minimum and maximum) Collapse 11 pay grades into 4 pay grades 10

11 New Hiring Minimum Overview A Look at the New Ranges: 11 FY16 Ranges FY17 Ranges GrMinMidptMaxSpreadGrMinMidptMaxSpread 002$12.02$14.26$ % 010A$12.38$15.79$ % 003$12.09$14.38$ % 004$12.16$14.50$ % 005$12.23$14.63$ % 006$12.30$14.83$ % 011A$12.51$16.27$ % 007$12.37$15.04$ % 008$12.44$15.25$ % 009$12.52$15.47$ % 012A$12.64$16.12$ % 010$12.60$15.69$ % 011$12.68$15.92$ % 013$12.86$16.40$ % 012$12.76$16.15$ % 013$12.86$16.40$ %

12 Key Messages for Managers UVA Medical Center is committed to providing a comprehensive and competitive total rewards package for our employees Our compensation program is designed to be market-driven, performance-based and equitable Every position is looked at least annually to determine market competiveness Our goal of investing in our people and our commitment to retaining and attracting key talent is demonstrated by the continued support of this program since the inception in

13 Key Messages for Managers If you did not receive a market adjustment, it is because your position/pay is already in line with the market You will receive a total rewards booklet in November that shows all elements of your pay on a personalized basis. We are committed to investing in our employees and UVA Medical Center is committed to providing a comprehensive and competitive total rewards package for our employees 13

14 Next Steps At your next staff meeting announce the timing of the adjustments and review the program with the team; its important to let our team members know that we review compensation for all jobs every year We have provided a staff version of this PowerPoint to aid in the discussion Hold one on one meetings with each team member by July 22 nd to present their personalized pay statement This is a great time to discuss career goals and answer any questions team members may have about their pay and pay range For any remaining questions that are not covered in your FAQs, talking points or role play documents, please contact our HR Customer Service Center and they will either answer your question on the spot or triage to the appropriate area of HR 14