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The University's compensation philosophy is built on the following: Maintaining a data-driven, competitive compensation structure that is updated regularly (External Market Data Review FAQ). Establishing a consistent and equitable approach to compensation decisions.
These basic principles of the philosophy include fairness, transparency, performance, competitiveness, and flexibility.
Make salary decisions based upon appropriate qualifications, contributions, performance, and equity and budget considerations. Encourage and reward excellent performance with merit increases whenever possible. Provide salary increases, when appropriate, within available funding.