Overview of Classification and Compensation Plan Review at Wichita State University
Explore the comprehensive review of job classifications, compensation practices, and market competitiveness conducted by CBIZ Human Capital Services for Wichita State University. Learn about the project goals, expectations, and design aspects included in the plan.
Download Presentation
Please find below an Image/Link to download the presentation.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author. If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.
You are allowed to download the files provided on this website for personal or commercial use, subject to the condition that they are used lawfully. All files are the property of their respective owners.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author.
E N D
Presentation Transcript
Overview of the Classification and Compensation Plan Review Presented by: CBIZ Human Capital Services December 15, 2014
Introduction Edward Rataj Managing Director, Compensation Consulting Certified Compensation Professional (CCP) Certified Executive Compensation Professional (CECP) Frequently quoted in national news publications such as the Wall Street Journal and Smartmoney.com 2
Introduction What we want to accomplish today: Kick-off the classification and compensation plan review Maintain expectations Provide an overview of classification and compensation plan design Communicate next steps Answer your questions 3
Introduction Wichita State University has asked CBIZ to review current practices and recommend improvements related to: Job classifications and descriptions Current pay compared to market Internal equity Salary structures Compensation policies and procedures Hourly and salaried classifications 4
Expectations Purpose of this study is to provide HR and The President s Executive Team with market competitive data. No employee salaries will be decreased. 6
Expectations Thank goodness we are conducting this compensation evaluation. I have been over-worked and under-paid for 30 years now. 7
Expectations Office Space Up in the Air No positions will be eliminated as a result of this study. 8
Project Planning Tasks Completed to Date: Engaged CBIZ Planning meeting Data collection underway Job analysis questionnaire (JAQ) is ready for distribution to employees 10
Job Evaluation Employees complete JAQs Evaluate job descriptions and JAQs Revise classification families Common professions/vocations Market influences Career paths 11
JAQ Questions and Misconceptions What if I am not a good writer? The more comprehensive my description, the more pay I can expect. Does it really matter what I write/if I complete the JAQ? How much time does it take to complete? 12
Job Evaluation Help consultants better understand the duties & responsibilities of each job Develop titling structure Determine exempt/non-exempt status Update job descriptions 14
Market Pricing Methodology What is market pricing? Valuation of pay for the University s jobs in the external labor markets. Key considerations when determining labor markets: Location o Local o Statewide o Region o Nation Industry o Higher Education o Broad spectrum of employers Size o Revenue/Operating budget o Number of employees 15
Market Pricing Methodology Reliable Data Published survey data o Major consulting and surveying firms o Statistically validated o Standard deviation analysis of data Unreliable data examples: Self-reported Department of Labor Most free internet data 16
Market Pricing Methodology Salary Structure Development Title: Job XYZ Market Price: $35,455 Grade Minimum Midpoint Maximum 1 $24,778 $30,972 $37,166 2 $27,398 $35,618 $43,837 3 $31,508 $40,960 $50,413 17
Next Steps 18
Next Steps 1. Distribute JAQ for employees to complete December 17, 2014 2. Submit completed JAQ to supervisor By February 13, 2015 3. Supervisors review and approve JAQs 4. Once reviewed, supervisors return completed form to HR By February 20, 2015 5. HR will coordinate sending all data to CBIZ 19
Resources Website: www.wichita.edu/marketstudy Email: marketstudy@wichita.edu Work Sessions in RSC: January 6: 9:00-10:00am and 3:30-4:30pm January 8: 9:00-10:00am and 3:30-4:30pm January 13: 9:00-10:00am and 3:30-4:30pm January 15: 9:00-10:00am and 3:30-4:30pm January 20: 9:00-10:00am and 3:30-4:30pm January 22: 9:00-10:00am and 3:30-4:30pm January 27: 9:00-10:00am and 3:30-4:30pm January 29: 9:00-10:00am and 3:30-4:30pm February 3: 9:00-10:00am and 3:30-4:30pm February 5: 9:00-10:00am and 3:30-4:30pm February 10: 9:00-10:00am and 3:30-4:30pm February 12: 9:00-10:00am and 3:30-4:30pm 20
