As many of you know, the Board of Trustees allocated limited funding for a review of staff compensation during the current fiscal year. Human Resources has developed methodology designed to use the designated amount. Human Resources has now met with members of the President’s Council to discuss how the limited staff compensation review impacts their respective areas.

Last week, we shared a general communication with managers about the methodology being deployed. The next step will be to contact those managers who have one or more staff members reporting to them who are being recommended for salary adjustments.

Methodology
Each staff position is assigned to a salary grade based on market data and internal equity considerations (see Staff Salary Grade Structure). Individuals are generally hired at rates within the first quadrant of the applicable grade. Over the course of a career at Drake, an individual employee progresses through the applicable grade and remains within the range of competitiveness through annual merit increases and occasional market adjustments.

The specific market indicators under the Drake staff compensation model strive to place staff at the 25^th percentile by year 4 in their position and at the 50^th percentile (or midpoint) by year 7 in their position.

After reviewing staff salaries and the respective 4 or 7- year benchmarks, we are recommending modest salary adjustments to the staff falling behind those benchmarks. In some cases, even with this year’s limited adjustments, employees will not reach their target market indicator. It is important to note, this is simply a first step in a multi-year process for achieving our stated benchmarks.

Timeline
Human Resources will contact managers with affected staff as quickly as we can.  Our aim is to complete the manager conversations ahead of the Thanksgiving break and have the salary adjustments be effective December 1. Those staff who will receive a salary adjustment will be notified of the adjustment on or around December 1.

How can I verify my current pay grade?
This information in shared in your Employee Dashboard and can be accessed at any time.

1. Log into myDrake
2. On the left side under Human Resources select Employee Dashboard
3. Once in the Employee Dashboard, select Job Summary
4. Select Current and Past Jobs
5. Click the down arrow on the right side to expand the information under Current and Past Jobs
6. See your Grade between Salary Table and Step listed under your Current Job

— Maureen De Armond, Human Resources