COMPENSATION GUIDELINES - WELS

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COMPENSATION GUIDELINES A Guide to Compensating Called Workers Effective July 1, 2022 2 Table of Contents Preface ________________________________________ _____________________________________ 3 A Bible Study on Compensating Called Workers ________________________________________ _____ 4 COMPENSATION Plan Components ________________________________________ ________________ 10 Base Salary ________________________________________ ______________________________________ 10 Salary Ranges ________________________________________ ____________________________________ 10 Years of Experience ________________________________________ ________________________________ 10 Cost of Living Adjustment (COLA) ________________________________________ ____________________ 10 General Information ________________________________________ ______________________________________10 The COLA Calculation ________________________________________ _____________________________________11 Selecting a Cost of Living Data Source ________________________________________ ________________________11 Removing the Housing Component from a Composite Value ________________________________________ ______12 Determining the Salary Multiplier from Relative Cost of Living Figures ______________________________________13 Education ________________________________________ ________________________________________ 13 Specia

the Compensation Guidelines to reflect changing compensation and benefits issues. However, no substantial changes were made to the guidelines since their adoption in 2002. In 2013, the synod in convention resolved to establish a new ad hoc committee to look at all areas of

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