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 ______________________

plan was needed to address the major concerns that were made apparent through extensive survey and discussions held with synodical areas of ministry, calling bodies, knowledgeable laity and called workers from throughout the synod. The results were contained in the Compensation Guidelines that have been in effect since December 2002.

  Guidelines, Plan, Compensation, Compensation guidelines