It is the mission of Compensation to establish a compensation program to ensure that pay practices are applied fairly, consistently and effectively. And, that there will be no discrimination based upon race, color, religion, sex, sexual orientation, age, national origin, or veteran status.
Cabinet Approval of TWU Compensation Philosophy
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.
As Dr. Neely and Dr. Floyd mentioned in the Faculty and Staff open sessions in April and May 2013, Sibson Consulting outlined their Final Program Recommendations on the Academic and Administrative Compensation Review. Many of you will be asked to serve on various task forces, advisory groups and committees as we transition from the “Study” phase to the “Project” phase. The Compensation Project will have various short, intermediate and long term goals with completion dates ranging from Summer 2013 to the Fall of 2015.
Fiscal Year 2013-2014 Regular Faculty and Regular Staff Pay Increases
As you may recall at the State of the University address at the beginning of the semester by Chancellor & President Dr. Stuart, TWU committed to review our academic and administrative compensation programs, policies and procedures. In addition, our Provost Dr. Neely sent out a copy of the Request for Proposal to all staff and faculty shortly afterwards. We have now selected the consultant group – Sibson, and they have begun to meet with stakeholders across the university.
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