Human Resources Policies

POLICY: Compensation
Policy Number: HR-60
Effective Date: July 2002
Revisions: June 2002, July 2000
Responsible Officer: Associate Dean, Planning and Operations


PURPOSE:
This policy was established to communicate the philosophy the College of Medicine has adopted regarding its pay practices.

I. POLICY:
The College of Medicine's compensation program is designed to achieve the following goals:
- Ensure fair and consistent pay practices,
- Comply with applicable federal and state laws and regulations,
- Operate within the constraints of the College of Medicine's budgetary process and financial resources,
- Ensure administrative efficiency,
- Allow the College of Medicine to offer competitive salaries relative to the labor markets in which the College of Medicine recruits. The College of Medicine generally recruits in the local and regional labor markets to fill nonexempt positions and in the regional and national labor market to fill exempt positions. While pay practices reflect local living costs, they are competitive with pay practices in the relevant labor markets.

Additional Information: Inquiries regarding this policy can be directed to the Human Resources Department.