It is much more than money and security It is more about the future than the present With all elements of a contract think in terms of 13 Getting Started 46 I can make a difference ID: 636541
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Considerations for the Development of a Superintendent’s Contract
It is much more than money and security.
It is more about the future than the present. Slide2
With all elements of a contract think in terms of 1-3 “Getting Started”
4-6 “ I can make a difference”
7-10 “ I’m worth it”11+ “ Wouldn’t you hate to see me go”
One Size Does Not Fit AllSlide3
Salary - Must be realistic and competitiveFirst Contract Salary Amount ( 1-3)Don’t look at the big picture look at situation
Performance Recognition over Security
Be confident you are worth for what you are asking
Make sure your contribution will exceed your salary
Basic Salary guidelinesHighest teacher daily rate X Superintendent contract days + 20% - 25%Know your regional worthKnow your situational worthKnow your professional worthKnow your personal satisfaction worth
Salary-Wages-Benefits Slide4
Contract (4-7) I can make a differenceSome early termination w/o case compensation lang.Add in automatic increases
Add in all compensation is considered for TRF
Add in compensation for non-school related achievements
Add in bonuses for efficiency savings
Add in performance based bonuses Have at least three achievement levels with varying $’sSalary-Wages-BenefitsSlide5
Contract (7-10) I’m Worth it!Salary Calculation Formula should be based on 20% bump for longevitySalary calculation should be competitive state wide when taking into considerations
Type of school corporation
Community Norms (now is the contract to be in the top quartile of community wage earners)
If it looks like a long term fit, consider a retention clause or longevity bonus clause “If I stay in the position this long I will receive
xxxx” “If I retire from this position I will receive a XXXX”Salary-Wages-BenefitsSlide6
Contract 11+ Wouldn’t you hate to see me goYou have now survived multi-boardsYou have now outlasted 80% of your peers
You have now proven your worth
If you are close or at the top of reasonable salary expectation look to include post retirement benefits
Continued health care premiums
Max contribution to deferred comp plans (over 50+)Extension of life insurance supportContinued benefits for spouse in case of deathSalary-Wages-BenefitsSlide7
TechnologyPayment v. reimbursementInsurance
It’s not getting cheaper
RetirementNever to early to plan for “it’s too” late
Leave
Be more concerned with what you don’t use than with what think you will need. You will not be able to use all of your personal leave.Salary-Wages-BenefitsSlide8
Car/Transportation AllowanceMonthly Stipend v. 24/7 VehicleMileage allowance v reimbursement
Compensation for Duties outside of traditional job responsibilities
Community boards or commissions, compensation for private board of directors (bank, hospital, utilities)
Percentage for all grant dollars you are responsible for.
Nice to have but not necessarySlide9
Trust, honesty, commitment = $Be realistic and appreciativeKnow your audience
Maintain a high standard of expectation
Give backPay it forward Always say PLEASE AND THANK YOU
Earn what you make