Florida International University Classification & Compensation Redesign Steering Committee January 31, 2013 Agenda Project Phases and Milestones Compensation Philosophy Mercer Review - Update Communication Plan Career Groups & Level Guides Next Steps Phase One: Classification Structure Redesign Milestone 1 Development of Compensation Philosophy Mercer Review of Current Structure and Gap Analysis Recommendations for Modification Milestone 2 Career Level Guide Development Career Framework Development/Job Family and Sub-Family Structure Milestone 3 Create Classification Summaries Position Description Review Slot Jobs into Career Levels Phase Two: Compensation Structure Redesign Milestone 4 Conduct Market Pricing Develop Salary Structures Slot Jobs into New Salary Structures Milestone 5 Report Findings (Mercer) Develop Salary Administration Guidelines Conduct Requisite Training of Managers/Leaders/Supervisors Implementation Compensation Philosophy A Compensation Philosophy establishes guiding principles for our Compensation Program based on industry best practices. This Compensation Philosophy for Administrative and Staff Positions is presented for approval. Gap Analysis Findings Summary Mercer’s findings based on preliminary review: Recommend that the number of classifications expand from the approximately 350 jobs that exist today to roughly 600 to 700 jobs One job code may contain many working titles that represent different jobs in the market Overuse of the “Coordinator” title Gap Analysis Findings Summary Compared Current Job Classifications to Market Titles Market aligned – 120 job classifications Moderately aligned – 85 job classifications Poorly aligned – 139 job classifications Proposed a new Career Group structure with Families and Sub-families to facilitate career progression Communication Plan Objectives: Formally introduce the Classification and Compensation Redesign Project (CCRP) Ensure consistent delivery of messages Distribute information that is concise, relevant, and timely Introduce CCRP Website Develop processes to facilitate two-way communications Channels of Communication: Project Website and SharePoint Site “Visioning” Meetings with Senior Leadership Human Resources Liaisons and Focus Groups Emails Articles (i.e., HR News & Campus Updates) Career Level Guide A Career Level Guide represents the hierarchical position of a job within a career stream. It is used to differentiate career steps based on predefined criteria. The definition for each of the job levels is consistent across job families. Career Level Guides Career Level Guides will: organize jobs into career streams based on best market practices Professional Executive Support Management enable FIU to match jobs to market titles establish levels to provide career progression within the same job family where possible enable FIU to develop and retain talent and provide employees with opportunities for job growth Next Steps FIU Core Team is working with Mercer to finalize FIUspecific career level guides Create Classification Summaries Conduct “Visioning” Meetings with Senior Leadership Collect updated job information Questions?