Why is it necessary for Drexel to have a salary structure?
To establish a closer linkage between pay and performance, to attract talented employees with competitive salaries relative to the external market, to ensure internal equity and fairness, and to provide greater consistency in position titling and salaries.
How did you come up with the new pay rates?
Drexel Human Resources conducted an external market review of Drexel positions, matching market salary information from jobs in other higher education institutions as well as local and national general industries where we recruit to our own positions. A market review should be conducted periodically to ensure that Drexel salaries remain competitive.
What labor markets were Drexel positions compared to and what were the survey sources?
The labor markets we compared our jobs to were higher education and general industry, utilizing national, regional, and local data. Our salary data came from highly respected compensation information providers, including CUPA, EduComp, CompData, Mercer, ERI, and more.
Were all of Drexel's positions researched?
More than 75% of Drexel positions were benchmarked in the market.
How was my job assigned to a grade?
Your grade is determined based on the duties and qualifications of the position you hold as compared to similar positions at Drexel University and in the external market.
Does my manager determine if my position is exempt or non-exempt?
No, your FLSA status is determined by an HR representative using guidelines provided by the U.S. Department of Labor.
What if I am over my new pay grade? Will I lose money?
No, your salary will not be reduced; however, you will not be eligible for merit increases as long as your salary remains at or above the maximum for your grade. You may be eligible, however, to receive a lump sum payment of your merit in lieu of an increase in salary.
If I receive a merit payment in the form of a lump sum, how will this affect my benefit contributions?
A contribution will be made to your 403(b) account but since there will be no change to base salary, other benefits (i.e. life insurance, disability) will not be affected.
Will I automatically receive an increase if my salary grade changes as a result of this new structure?
All employees are guaranteed to be at the minimum of their salary grade on the effective date of the new structure.
How are merit raises calculated?
A performance evaluation is completed with an overall performance rating. Your raise is determined based on the performance rating.
What are quartiles?
Quartiles represent where your salary falls within the assigned grade, from the minimum to the maximum. There are four quartiles: First Quartile is the entry point for a grade and is usually for someone new to a position and still on a learning curve; Second Quartile is the progress point for a grade and is usually for someone who is experienced and performing all the duties of their position; Third Quartile is the advance point (above the mid-point; or market average) and is usually for a seasoned veteran who is performing well in their job over many years; Fourth Quartile is the maximum paid for a grade.
Does HR ever conduct equity reviews? If yes, what is the process?
Yes, equity reviews are conducted regularly, either as an HR initiative or on the request of a manager or supervisor. If an equity review (either of an individual employee or many employees in a particular job class) warrants an adjustment, a recommendation will be made by HR.