Guiding Principles
The following guiding principles inform the design and administration of our compensation program and will support our ability to meet program objectives:
Clarity Through Transparency
The decision-making process and data utilized within the compensation program is freely shared with employees. The partnership of leadership and HR in the transparency of information will drive clarity. It is important to note that our guiding principle here is clarity through transparency not agreement. Agreement will be desired, but understand some decisions will not have agreement across all members of the University.
Process Consistency
Changes to employee pay or classification must be consistent with compensation policies and processes. Instances for exceptions and inconsistency will be reduced while equity and consistency will be increased. Compensation related strategy/plans will be tailored around the compensation program framework. There will no longer be a need for leaders to manipulate the compensation system to ensure their employees are reasonably paid.
Work-Driven Compensation
Compensation should be data-driven and pay should reflect the work performed (or to be performed, new hire), by the employee rather than titling or tenure alone. Compensation for additional work should be limited and reflect genuine complexity differences with applied expertise in the applicable job.
Internal Equity
Compensation program elements must support internal equity. Variations in compensation must be related to observable work-related factors. Examples of observable work-related factors and a definition of equity for the University Of Mississippi can be found within the compensation playbook. Some examples of dimensioning to evaluate pay differences include; Tenure, Complexity of role, experience outside of the University, autonomy within role, scope of accountability, effective knowledge, etc.
Leadership Accountability
Leaders are responsible for understanding the compensation program and administering compensation in alignment with the program design. Leadership accountability is also inclusive of the proper workforce planning and stewardship of university funds and effectively managing budget and allocated resources.
Links to all View2022 Webpages
View2022 Compensation Structure
View2022 Project Participants and Engagement Opportunities
Updated: 11/06/23