by Mindy Aguon
Guam - Employees and management at the Guam International Airport Authority will be seeing another increase in their paychecks. During this morning's meeting, the GIAA's board of directors moved to adopt the 5th Market Percentile Compensation Plan recommended in a 2008 study conducted by Alan Searle and Associates.
This is a change from airport management's previous request to the board to approve the study at the 2nd Market Percentile, which would've equated to raises for management of between $20,000-$25,000 a year, while other employees would see minimal raises. Earlier this year concerns were raised that the study lacked parity and equity for all employees.
The board chose to implement an across-the-board 10% pay raise, but the airport contends that even with that increase, some employees salaries were still below the 1st Market Percentile. The raises, approved today, will be retroactive to October 1 and will cost $45,000.