7 keys to managing campus compensation

Lynn Russo Whylly's picture
Thursday, October 24, 2013

When the topic of higher ed salaries draws public attention, more often than not the focus is on presidents or football coaches. But behind the scenes, the real challenge for college and university leaders lies in crafting compensation practices to recruit and reward the talented faculty and staff who make up the heart of every institution.

As colleges come out of the recession, many are now expected to make up for years of stagnant salaries. Administrators also face the competition for top faculty talent, the push for greater salary equity, and other pressures.

At colleges of all types, dealing with compensation ranks among the most sensitive of management tasks. That job sometimes falls under a central HR department or is spread out among administrators in individual schools or departments that create their own pay structures.