Within the available resources and general economic circumstances, the Vanderbilt University and Medical Center strives to maintain and administer a staff compensation program that will support attracting, rewarding and retaining a well qualified workforce. Further, jobs of like responsibility and labor market conditions will be paid within comparable pay grades based on evaluation of each job. The program balances internal equity and market competitiveness. Salary growth will be a function of the annual increase program designed each year in support of the overall philosophy.
Success depends on the caliber and commitment of staff.
Total compensation, consisting of direct pay, benefits and working environment, should be considered collectively. Compensation structures should reflect the different markets in which Vanderbilt University and Medical Center competes for staff - local, regional and national. While fairness and consistency are important principles, priorities and organizational needs must be taken into consideration. We want to encourage individuals to grow in terms of their talents and the needs of the University. Our intent is to reflect this in the management of salaries.