UT Compensation Training Developing Capability and Competency with Pay Compensation Administration: Overview 2014 For Supervisors, Managers, and Leaders.

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Presentation transcript:

UT Compensation Training Developing Capability and Competency with Pay Compensation Administration: Overview 2014 For Supervisors, Managers, and Leaders

Introduction Purpose & Objectives of the Training UT Compensation Philosophy & CAB UT Compensation Related Policies Application of Compensation Philosophy & Policies –Linking Performance & Pay –Competition for Talent Expectations for Supervisors, Managers & Leaders –Tools for Applying Compensation Practices Summary/Conclusion Module 1: Compensation Overview2

UT Compensation Advisory Board (CAB) Launched in March 2010 Helps guide UT’s compensation philosophy, structure and programs Comprised of 13-member board Serves in an advisory capacity Includes administrators, faculty and staff from every campus and institute, and Achieved several milestones of value to employees and their supervisors Module 1: Compensation Overview3

Expectations for Supervisors- Leaders Apply market assessment findings Apply performance principles Apply UT Comp Philosophy –“How to” plan, analyze, and develop compensation recommendations when… Hiring Promoting Processing lateral transfers Demoting Recognizing performance Module 1: Compensation Overview4

Expectations for Supervisors- Leaders(3) Be aware of annual salary guidelines for UT System Be aware of the annual salary guidelines & campus/institute Compensation Plan Provide input to the process of applying guidelines and Comp Plan for salary actions Make recommendations for salary increases –Apply performance principles –Apply UT Comp Philosophy Communicate recommendations with clear rationale Module 1: Compensation Overview5

Your constructive feedback is welcomed We appreciate your participation. Module 1: Compensation Overview6