Managing Compensation

The Compensation function is responsible for plans and programs related to cash and non-cash methods or 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 ensure 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:

How to reclassify a position.
How to create a new position.
Create or revise job descriptions.
What are the pay ranges?
Pay or bonus issues.
Exemptions from overtime.