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UT Compensation Training

UT Compensation Training. Developing Capability and Competency with Pay Compensation Administration: Overview 2014 For Supervisors , Managers, and Leaders. 8-12-2013. Introduction. Purpose & Objectives of the Training UT Compensation Philosophy & CAB UT Compensation Related Policies

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UT Compensation Training

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  1. UT Compensation Training Developing Capability and Competency with Pay Compensation Administration: Overview 2014 For Supervisors, Managers, and Leaders 8-12-2013

  2. 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 8-12-2013

  3. 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 http://humanresources.tennessee.edu/cab/index.html 8-12-2013

  4. 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 8-12-2013

  5. 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. 8-12-2013

  6. We appreciate your participation. Your constructive feedback is welcomed. 8-12-2013

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