Buildings, equipment, and libraries are necessary, but in this labor-intensive activity, it is the people who matter most. T he University's compensation policies reflect its commitment to the people who serve it as employees and professionals. The welfare of the individual faculty or staff member, as well as their dependents, is a primary concern of the institution. The adoption of a compensation policy and appropriate salary levels is the ultimate responsibility of the Board of Trustees. Internal factors have to do with the adoption and administration of compensation policies which assure that appropriate relationships among salaries paid to employees is maintained.
External factors relate to establishing the level of compensation.
Such factors as comparability with appropriate institutions and local living costs must be included. It is crucial that programs of compensation be administered in a fair, objective, and equitable manner. To assure that this ideal is actualized, clearly defined policies with sufficient specificity have been adopted. The responsible administrators are charged with implementing these compensation programs within the parameters of these policies. Mechanisms have been developed to assure that recipients of the benefits have appropriate and effective avenues of input into the development of compensation policies which affect them.