Supervisory Development: Rethinking Rewards and Compensation

Understanding compensation is more than just knowing local pay structures. As a supervisor, you need to clearly know what your local compensation strategy is. In this webinar, we’ll talk about the misconceptions surrounding how we think about pay and outline the key considerations when thinking about your reward strategy.

0:05 Welcome and Introductions
2:58 How to think of Rewards at the University
7:36 Individual Values and Motivators
9:08 Considerations for Pay Strategy
10:58 Information on Salary Range
12:45 Employee Factors on Salaries
16:01 Performance Based Pay
17:54 Signals Salary Adjustments Might be Needed
18:46 Constraints on Pay Increases and Possible Solutions
21:15 All the Factors that Affect a Reward and Pay Strategy
22:44 Common Questions and Misconceptions
23:50 Discussing the Midpoint with Employees
26:50 Delivering Pay Increases on a Constrained Budget
30:44 Important Features of Minimum, Midpoint, and Maximum
33:53 How far off the Midpoint is okay?
36:10 Assessing Mastery of an Employee
39:50 Over-assessing Employees
43:13 Audience Q&A
56:16 Announcements and Resources
Note: some of the session content only covers pay for non-contract employees, labor unions have contracts that govern their pay.