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Faculty Compensation Study Updates February 3, 2014 within the Academic Digest Volume 4, 1

Faculty Short Term Action List

1. Develop a University Compensation Philosophy

a. Create a multi-member task force

b. Charge to review Sibson’s recommended compensation philosophy and create list of pros and cons for university leadership review and/or adoption

c. Completion date of August 1, 2013 

 The Chancellor’s Cabinet approved the attached TWU Compensation Philosophy document at its meeting on December 16, 2013. This process leading to the TWU philosophy statement has been positive with the participation of many people and groups. The final philosophy statement was revised to include input from the open sessions and the Faculty Senate. It will be presented to the Board of Regents at the February 21, 2014 Board of Regents meeting. We are on target to complete the review of peer faculty and staff salaries early this spring semester with a goal of using the information gained to make salary recommendations for the FY2015 budget year. The Chancellor’s Cabinet wants to express appreciation to each of you for your interest and participation in this very important project. Special thanks is given to the compensation philosophy committee chaired by Dr. Stankey. The campus community will be kept informed as we continue to develop the TWU Compensation Plan.

Compensation Philosphy Committee Report    

 2. Salary increments for faculty promotion and tenure

a. To be led by Academic Affairs in collaboration with Academic Financial Services and Human Resources (HR)

b. Completion date of January 1, 2014   

 

 

 

3. Determine apppopriate peer universities for faculty salary floors and ranges by disciplinary groupings

          a. Create an academic task force

          b. Completion date of October 1, 2013

4. Review faculty positions for internal equity

          a. Develop criteria for making equity adjustments

            Salary Equity Committee Agenda and Minutes October 28, 2013
            Salary Equity Committee Agenda and Minutes November 04, 2013
            Salary Equity Committee Agenda and Minutes November 14, 2013
            Salary Equity Committee Agenda and Minutes November 21, 2013
            Salary Equity Committee Agenda and Minutes December 02, 2013
              
          b. HR and Academic Financial Services with assistance from legal counsel and an outside consultant
              N. Darlene Walker & Associates have been selected to review positions for internal equity.
              http://www.ndwassoc.com/services.html

          c. Completion date of March 1, 2014

5. Implementation

          a. Develop an implementation plan

Faculty Long Term Action List

1. Perfomance based compensation concept

          a. Develop cirteria for awarding on-time performance stipends for staff and faculty

          b. Merit or pay differential program

              i. Evaluate a merit or pay differential program based on new perfomance evaluation processes

          c. To be led by Academic Affairs in collaboration with Academic Finanical Services (AFS) and Human Resources (HR)

page last updated 10/10/2014 3:55 PM