To this end, the university’s compensation philosophy is to pay all categories of employees at competitive levels established by external labor markets, considering both salary and benefits as a total compensation package.
- Market Competitive: Establish pay levels for positions on the basis of their external competitiveness with relevant labor markets and their relative internal value.
- Retain and Engage Employees: Reward employees on the basis of work performance.
- Internally Equitable: Administer pay equitably and consistently.
- Align with Tulane Culture: Establish a compensation policy that is consistent with the management and allocation of funds entrusted by the university.
- Attract Top Talent: Maximize the effectiveness of compensation funding based on recruiting, retention, and employee motivational outcomes.
- Transparent, Easy to Access, and Understand: Ensure accountability for compliance with all Tulane University policies and procedures and statutory requirements.