Presentation is loading. Please wait.

Presentation is loading. Please wait.

Title and Total Compensation Project

Similar presentations


Presentation on theme: "Title and Total Compensation Project"— Presentation transcript:

1 Title and Total Compensation Project
Cornerstone of HR Design Strategic Plan Attract, retain, engage, and develop top talent to meet UW-Madison’s needs Current title and pay structures are decades old - not market informed Need new title and compensation structures better aligned with labor market Faculty title and salary structures – not affected – non-state benefits reviewed New structures identified and finalized in later part of 2019

2 Titles & Standard Job Descriptions
TTC Project Core Components Job Groups Categorizes work by function and type Titles & Standard Job Descriptions Creates baseline profile for roles Total Compensation Matches pay and benefits to workforce Defining Work Linking to Pay & Benefits Level Guides Organizes work by level / type of contribution Market Analysis Links jobs and benefits to market data Legend Complete In-Progress

3 Job Framework The Project introduces a common job framework to organize jobs based on similar nature and complexity of work. All jobs within a framework are organized by a combination of Job Groups, Sub-Groups, and Contribution Levels, resulting in multiple career paths. Job Group Job Sub-Group Job Titles Contribution Level Accounting, Fin Ops, Reporting Financial Planning and Budgeting Bursar Procurement Financial Supervisor Accountant III Accountant II Accountant I Manager II Organizational Contributor V Organizational Contributor IV Organizational Contributor III Financial

4 The Strategy for Analyzing Titles and Total Compensation
The evaluation and comparison of title and benefits as a part of Title and Total Compensation strategy development. TITLE & COMPENSATION STRUCTURE BENEFITS STRUCTURE Standard Job Description Creation Pay Data (Market) Analysis Compensation Policy Development UW Stakeholders Participate in identifying standard job descriptions UW compiles, analyzes, and compares pay data against labor market UW develops policies and practices that enable recognition and rewards via pay Purpose: Identify the work; manage the job. Purpose: Price competitively to market Purpose: Pay employees for performance and contributions Benefits Preferences Survey Benefits Valuation Analysis (BVA) UW Employees Participate in benefits preferences survey 11/26 – 12/14 (conducted by Mercer) UW benefits data compiled, analyzed, and compared against peer organizations* Purpose: Identify what benefits employees value Purpose: Analyze benefit offering competitiveness Title and Total Compensation Strategy Options and recommendations vetted with UW stakeholders Recommendations presented to leadership * Peer organizations include public and private higher education institutions as well as private sector employers

5 Standard Job Description Overview
Why: Today, many of our descriptions are out of date, long, and don’t clearly show the work employees do. Definition: A standard job description represents work that is core to the job, commonly done in the role, and regularly needed within the institution. The majority of the work done by an employee will be described via their standard job description. Charge: Standardize the format and components of job descriptions, so they are consistent, clear, and concise. Standard Job Descriptions include… They do NOT include… Long lists of tasks Every possible responsibility the job title may have Summary A clear, concise statement explaining the major functions of the position Describes the overall end-result of the work that the job produces and why it exists 1-2 sentences to give an overview of the job’s main purpose Responsibilities Brief statements indicating what the major work responsibilities are and why they are taken. Typically 4-7 responsibilities listed Tasks are identified in supplementary personnel materials (e.g. performance management expectations, standard operating procedures).

6 TTC Project Next Steps Fourth Quarter 2018
Collect subject matter expert Standard Job Description (SJD) feedback Conduct Employee Benefits Preferences Survey Work with Mercer to identify market benchmarks and conduct market analysis Continue with enhanced change management and communications strategies First Quarter 2019 Analyze and edit draft SJDs based on subject matter experts feedback Continue to identify and describe the work through an iterative review process of the draft SJDs – includes posting drafts for UW Madison employee review Review results of Benefits Value Analysis and Benefits Preferences Survey data Launch pay policies and practices review to develop recommendations to align with updated job and pay structures Work with stakeholders to review emerging TTC strategies and options


Download ppt "Title and Total Compensation Project"

Similar presentations


Ads by Google