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<br />3 <br />• Providing fair and equitable rates of pay to employees <br />• Defining the City’s market area <br />• Developing a system that establishes a “market rate” for each position and states the minimum wage <br />and maximum rates that the City will pay individuals within a position <br />• Establishing rates of pay that allow the City to compete successfully for new employees within its <br />market area <br />• Establishing a market position that is fiscally responsible with public resources <br />• Ensuring that pay rates for existing employees are based on individual performance that meets or <br />exceeds expectations and reflects changing economic conditions <br />• Developing a compensation system that allows employees to progress through the pay range as long <br />as their performance consistently meets expectations <br />• Developing pay administration policies and procedures that ensure their consistent application <br />between departments <br />• Ensuring that the compensation program is understandable to employees, supervisors, managers, <br />the City Council and the public. <br /> <br />