Tag: compensation benchmarking
4 Considerations for Using Salary Data to Inform Compensation Decisions
Editor’s note: This blog post, originally published in April 2019, has been updated with additional resources and related content. Salary benchmarking is not one-size-fits-all — especially when you’re looking at groups as varied as administrators, professionals, staff and faculty on a college or university campus that is unique in its combination of Carnegie class, affiliation,... View Article
How Competitive Are Your Salaries in Today’s Market?
Market-based pay is a staple of the corporate world to attract and retain the best and brightest talent, and many higher ed institutions are moving in this direction as well. It’s especially valuable when you’re hiring locally or regionally. If you’re wondering how to get started with a market-based compensation strategy, here are a few... View Article
Simple Metrics: How to Use Compa-Ratios to Guide Compensation Decisions
How competitive are your institution’s salaries? How equitable is pay among your workforce? One quick way to identify potential trouble spots is with comparison ratios, or compa-ratios for short. A compa-ratio is one of the most common metrics for pay. Simply stated, a compa-ratio compares an individual employee’s salary to the midpoint of a given... View Article