N.M. Admin. Code § 1.7.4.8 - PAY PLAN
A. The
director, pursuant to direction from the board, shall establish, maintain and,
in conjunction with state agencies, administer a pay plan for all positions
throughout the classified service, which shall include the pertinent factors
that should be considered by managers for determining and justifying
appropriate placement within a pay band.
B. Agencies shall develop and utilize a
compensation policy that is in compliance with 1.7.4 NMAC. Agency compensation
policies will be filed with, reviewed by, and approved by the director.
Subsequent revisions to the compensation policy shall be filed with, reviewed
by, and approved by the director prior to adoption of the policy.
C. The board shall adopt a recognized method
of job evaluation to uniformly and consistently establish the value of each
level.
D. The director shall
conduct an annual compensation survey that includes total compensation. The
comparison market shall be comprised of private and public entities within the
state of New Mexico, regional state government employers, and central, western
and southwestern state government employers. The board or director may
authorize additional comparison markets when deemed necessary and
appropriate.
E. Prior to the end of
each calendar year, the director shall submit a compensation report that
includes a summary of the status of the classified pay system and the results
of the annual compensation survey that includes total compensation to the
board. The board shall review, adopt and submit this report to the governor and
the legislative finance committee.
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.