The Compensation function is responsible for plans and programs related to cash and non-cash methods/types of pay and incentives. This is often referred to as direct compensation.
Responsibilities include:
- Wage & Salary Administration.
- Pay Structures/Schedules.
- Job Evaluation/Classification.
- Wage & Salary Survey participation.
- FLSA and other Regulation Compliance.
The compensation philosophy at Rice is:
- To insure that internal pay relationships are equitable based upon job responsibilities and job performance.
- To maintain a proper competitive position with appropriate labor markets in order to attract, retain and provide incentive for competent staff.
- To promote the prudent expenditure of the University’s compensation funds.
- To comply with all applicable laws, government regulations and university standards.
- To support the University’s strategies.
Some of the more common inquiries include: