Compensation

Higher education institutions are faced with intense competition for faculty, administrative and staff talent, from within as well as from outside academia. Well-designed compensation programs enable colleges and universities to attract the talent they need, while being administratively simple and easy to communicate and understand.

Sibson consultants have broad and deep expertise in helping higher education institutions with:

  • Program and Policy Design and Development: Components may include market pricing, competitive assessment, job evaluation/classification, salary structure and broadband design, pay guidelines, job description formats, reward and recognition programs, and incentives.
  • Implementation, Training and Ongoing Assistance: Sibson can conduct equity studies, develop communications to ensure employee understanding of compensation, plan and deliver training and orientation programs, make updates to salary structure and create reference materials to support ongoing administration.
  • Executive Compensation: Sibson can clarify board and presidential fiduciary responsibilities for setting executive compensation, develop metrics that determine outcomes, evaluate performance, examine success against external comparators, set base and merit compensation, assist with meeting "Intermediate Sanctions," and develop board action plans for managing executive compensation.