Presented by CBIZ Human Capital Services December 15 2014 2 Introduction Edward Rataj Managing Director Compensation Consulting Certified Compensation Professional CCP Certified Executive Compensation Professional CECP ID: 737187
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Overview of the Classification and Compensation Plan ReviewPresented by:CBIZ Human Capital ServicesDecember 15, 2014Slide2
2IntroductionEdward RatajManaging Director, Compensation ConsultingCertified Compensation Professional (CCP)Certified Executive Compensation Professional (CECP)
Frequently quoted in national news publications such as the
Wall Street Journal
and
Smartmoney.comSlide3
3IntroductionWhat we want to accomplish today:Kick-off the classification and compensation plan reviewMaintain expectations
Provide an overview of classification and compensation plan design
Communicate next steps
Answer your questions
Slide4
4IntroductionWichita 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 classificationsSlide5
5ExpectationsSlide6
6ExpectationsPurpose of this study is to provide HR and The President’s Executive Team with market competitive data.
No employee salaries will be decreased.Slide7
7Expectations“Thank goodness we are conducting this compensation evaluation. I have been over-worked and under-paid for 30 years now.”Slide8
ExpectationsNo positions will be eliminated as a result of this study.8
Office Space
Up in the AirSlide9
9Classification & Compensation Plan DesignSlide10
10Project PlanningTasks Completed to Date:Engaged CBIZ
Planning meeting
Data collection underway
Job analysis questionnaire (JAQ) is ready for distribution to employeesSlide11
11Job EvaluationEmployees complete JAQsEvaluate job descriptions and JAQs
Revise classification families
Common professions/vocations
Market influences
Career pathsSlide12
JAQ Questions and MisconceptionsWhat 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?12Slide13
13Slide14
14Job EvaluationHelp consultants better understand the duties & responsibilities of each jobDevelop titling structure
Determine exempt/non-exempt status
Update job descriptionsSlide15
15Market Pricing MethodologyWhat is market pricing?
Valuation of pay for the University’s jobs in the external labor markets.
Key considerations when determining labor markets:
Location
Local
Statewide
Region
Nation
Industry
Higher Education
Broad spectrum of employers
Size
Revenue/Operating budget
Number of employeesSlide16
16Market Pricing MethodologyReliable DataPublished survey data
Major consulting and surveying firms
Statistically validated
Standard deviation analysis of data
Unreliable data examples:
Self-reported
Department
of Labor
Most
free internet dataSlide17
17Market Pricing MethodologySalary 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
$50,413Slide18
18Next StepsSlide19
19Next StepsDistribute JAQ for employees to complete
December 17, 2014
Submit completed JAQ to supervisor
By February 13, 2015
Supervisors review and approve JAQs
Once reviewed, supervisors return completed form to HR
By February 20, 2015
HR will coordinate sending all data to CBIZSlide20
20ResourcesWebsite: 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
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Questions?