Set targets for leadership salary ranges

Current Status  Updated May 2017

CSA due date is April 2018

Initiated

Analysis Underway

Partially Implemented

Fully Implemented

Fully Implemented CSA Confirmed

Project Goals:

  • Continue careful annual review of Market Reference Zones (MRZs) for executive positions based on an evaluation and comparison of appropriate and relevant public and private sector pay data, indicative of the labor markets in which the University competes for talent.

Plan Assumptions:

  • The MRZs are based on compensation data from relevant competitor institutions that reflect public and private sector pay data.
  • Annual reviews of the MRZs and current pay data allow the University to systematically administer and manage executive salaries in a manner competitive with relevant external market comparator groups, fostering appropriate internal consistency and facilitating budget control.
  • Per the July 2015 Budget Act, SB97, the annual reviews incorporate readily available compensation data from the State and other public sector employers into MRZs.

CSA Reporting Requirements and Milestones:

  • Develop a method for weighing public and private sector pay data when establishing salaries for all positions.

Workstream Milestones (preliminary)

1. Review and select survey sources for MRZ updates October 2017
2. Analyze and incorporate compensation data into MRZ structures by applying consistent, systematic and established methodology January 2018
3. Secure President’s and Regents’ approval of updated 2018 Market Reference Zones (MRZs) for executives April 2018