Title: Managerial Compensation Policy
Subject: Human Resources
Policy No: HR: 2017:01
Applies: University-Wide
Issuing Authority: President
Responsible Officers: Chief Human Resources Officer
Adopted: November 6, 2017
Last Revised:
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June 1,
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2021
Last Reviewed: September 22, 2021
I. PURPOSE
To establish and describe the compensation philosophy, procedure, and administrative overview for Managerial base pay to ensure the standardization of all offers of employment and ensure consistency in offer letters and retention of records by managing the process through a centralized human resources function. This policy is also intended to set market based salary ranges for determining base salary compensation for managerial appointments and promotions that are equitable and fair to attract and retain highly qualified, diverse managers and to recognize the unique talent requirements and skill sets at the University.
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