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Compensation

Policy Number: HR-60
Effective Date: July 2002
Last Revision: May 2013
Responsible Officer: Associate Dean for Administration and Chief of Staff

PURPOSE

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

APPLICABILITY

This policy applies to all Drexel University College of Medicine Faculty and Professional Staff Members.

IMPLEMENTATION

Implementation of this policy is the responsibility of the Department of Human Resources.

ADMINISTRATIVE OVERSIGHT

The Associate Dean for Administration and Chief of Staff is the Drexel University College of Medicine official responsible for the administration of this policy.

POLICY

Drexel University 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 Drexel University College of Medicine 's budgetary process and financial resources
  • Ensure administrative efficiency
  • Allow Drexel University College of Medicine to offer competitive salaries relative to the labor markets in which Drexel University College of Medicine recruits

Drexel University 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.

AT-WILL EMPLOYMENT NOT AFFECTED

Notwithstanding anything to the contrary stated in this policy, nothing herein is intended to alter the at-will status of any Professional Staff Member.  Drexel University College of Medicine at all times retains the right to terminate any Professional Staff Member at any time for any lawful reason, or for no reason at all.