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Overview of the Classification and Compensation Plan Review Presented by: CBIZ Human Capital Services December 15, 2014.

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Presentation on theme: "Overview of the Classification and Compensation Plan Review Presented by: CBIZ Human Capital Services December 15, 2014."— Presentation transcript:

1 Overview of the Classification and Compensation Plan Review Presented by: CBIZ Human Capital Services December 15, 2014

2 2 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

3 3 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

4 4 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

5 5 Expectations

6 6 Purpose of this study is to provide HR and The President’s Executive Team with market competitive data. No employee salaries will be decreased.

7 7 Expectations “Thank goodness we are conducting this compensation evaluation. I have been over-worked and under-paid for 30 years now.”

8 Expectations No positions will be eliminated as a result of this study. 8 Office Space Up in the Air

9 9 Classification & Compensation Plan Design

10 10 Project Planning Tasks Completed to Date: Engaged CBIZ Planning meeting Data collection underway Job analysis questionnaire (JAQ) is ready for distribution to employees

11 11 Job Evaluation Employees complete JAQs Evaluate job descriptions and JAQs Revise classification families –Common professions/vocations –Market influences –Career paths

12 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

13 13

14 14 Job Evaluation Help consultants better understand the duties & responsibilities of each job Develop titling structure Determine exempt/non-exempt status Update job descriptions

15 15 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 oLocal oStatewide oRegion oNation –Industry oHigher Education oBroad spectrum of employers –Size oRevenue/Operating budget oNumber of employees

16 16 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

17 17 Market Pricing Methodology Salary Structure Development Title: Job XYZ Market Price: $35,455 GradeMinimumMidpointMaximum 1$24,778$30,972$37,166 2$27,398$35,618$43,837 3$31,508$40,960$50,413

18 18 Next Steps

19 19 Next Steps 1.Distribute JAQ for employees to complete  December 17, Submit completed JAQ to supervisor  By February 13, Supervisors review and approve JAQs 4.Once reviewed, supervisors return completed form to HR  By February 20, HR will coordinate sending all data to CBIZ

20 20 Resources Website: 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

21 Questions?


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