Compensation Study Program
Project Scope
Bryn Mawr College has initiated a project to assess our faculty and staff compensation program. A compensation program is a structured system that is designed to attract, retain, and motivate employees through direct compensation. We are partnering with Segal, a human resources consulting firm nationally recognized for its work with hundreds of higher education institutions, to complete this important work.
Our ability to recruit and retain professional talent requires a competitive and fair compensation program that reflects our culture and work environment. As per best practices within the higher education industry, our compensation program should be updated regularly, understood easily, and be financially responsible. At the conclusion of this assessment, we will have a revised compensation program for faculty and staff, as relevant. Key outcomes of this work will include:
- Overarching compensation program that is clear, market competitive, fair, and ensures internal equity
- Comprehensive compensation philosophy that includes positioning of salaries to the appropriate talent/labor markets and balancing benefits and cash compensation
- Framework that groups and organizes jobs by clearly defining the nature/type of work and level of work performed
- Contemporary, market-based salary structure and pay ranges
- Pay administration guidelines for ongoing salary administration and maintenance
Project Team
Segal will work with the Senior Staff team on compensation philosophy, and the Faculty Welfare Committee and the Staff Association will provide representatives to engage with Segal representatives as they visit campus for feedback. Samir Datta, Vice President for Finance & Administration and Chief Financial & Administrative Officer will work with a core team from Human Resources to manage the project day-to-day.
The Segal project team brings an excellent combination of skills and experience that we feel will enhance our ability to deliver exceptional and timely results. The project team consists of experienced consultants who are dedicated to meeting the needs of the College in a manner that is cost efficient, timely, and of high quality.
Kari Aikins, CCP, SPHR
Client Relationship Manager
Kari is a Vice President in the New York region. Responsible for helping the New York region to grow and expand its presence in the
higher education marketplace, she has over 20 years of HR experience with expertise in total rewards and extensive experience in compensation, benefits, talent management, organizational design and development, communications and HR technology.
Carolyn Cowper
Engagement Leader
Carolyn is a Vice President at Segal with over 20 years of experience in human capital consulting, with a focus on compensation and performance management assessment and design in higher education. She provides innovative solutions for attracting and retaining key talent as well as aligning the organizational structure and employees to the institutional strategy. She leads many of the firm’s compensation-related initiatives across a variety of industries.
Project Timeline
- Project initiation
- College and review data
- Conduct stakeholder interviews
- Develop job families
- Create job level framework
- Identify benchmark jobs to price
- Determine appropriate survey sources for comparison markets
- Obtain data for market pricing
- Perform competitive market analysis
- Conduct compression analysis
- Create salary structure(s)
- Discuss job evaluation approaches and assign jobs to the structure
- Conduct employee and cost implications analysis
- Develop implementation strategy
- Provide communications and training support
- Draft report of findings and recommendations
- Review draft report with team
- Present report to Senior Leadership
FAQs
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.
labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.
labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.