Oats Inc.

“Executive level staff oversee the annual budget, review monthly financials, and annual audit documents. Financials are viewed semi-monthly at the Board of Directors meetings. The Executive Director and external audit firm present the annual audit to Board of Directors at their meeting and the board approves the annual budget.”

“Management monitors for potential conflicts and addresses and resolves them as they occur. All newly hired employees are required to complete a conflict-of-interest form.”

“There are three approaches used to review compensation plan and salary schedule: 1)Job analysis is the systematic study of jobs to determine what activities and responsibilities they include, their relative importance in comparison with other jobs, the personal qualifications necessary for performance of the jobs and the conditions under which the work is performed. An important concept in job analysis is that an evaluation is conducted of the job, not the person doing the job.2)Job evaluation is the systematic determination of the relative worth and value of jobs within an organization. The job evaluation process determines the relative worth of each job by establishing a hierarchy of jobs within an organization. Job evaluation is conducted following the completion of a formal job analysis, which focuses on the delineation of job duties and responsibilities and essential knowledge, skills and abilities (i.e. job specifications), after all pertinent job requirements have been defined.3)Market pricing is the process of setting pay structures almost exclusively by collecting, analyzing and matching job salary survey data with rates paid in the external market. An organization may elect to use this method for professions that are market driven (i.e., information systems, engineering) or as a compensation philosophy across the board. OATS Transit uses the U.S. Dept. of Labor Bureau of Labor Statistics for market analysis.”

“OATS Transit publishes an annual report in its quarterly newsletter (The Wheel) which is mailed to over 20,000 people and shared on its social media sites plus posted on the company website. The Annual Report contains the revenue and expenses and highlights of the past year.”