UI officials introduced the second phase of their Compensation and Classification Redesign Project during the first faculty meeting Tuesday.
The second phase focuses on the compensation part of the program, said Kevin Ward, the UI assistant vice president for Human Resources. Pay practices in general will be determinate to responsibility, performance, and relationship to the market.
The plan puts together six different categories for pay level by using market data and research as well as Buck Consultants, which the Human Resources hired to complete research on the project.
Buck Consultants also used market data from different benchmark jobs in each university pay level to identify two different target midpoints. This project will not decrease salary or increase salary automatically, and the program will continue the flex pay program for exceptional performance, Ward said.
The first part of the project was completed in July 2010. The second phase of the Compensation and Classification Redesign Program will be implemented October 2011.
—by Jordyn Reiland