Compensation evaluation and revisions

To maintain and monitor the university Compensation Plan, the following factors form the basis for the periodic review of the implementation and effectiveness of the university’s compensation management program:

1. Adherence to pay practice guidelines and compensation program
2. Patterns of compensation actions
3. Compliance with federal and state laws and policy (e.g., FLSA, EEO)
4. Impact on the university’s budget
5. Competitiveness of the salary structure and employee’s salaries
6. Analysis of key metrics and recommendations for strategic salary investments