Compensation
Â̾ÞÈËÊÓƵ is committed to maintaining compensation programs that will attract, reward, and retain the qualified staff it needs to be a premier educational institution. Furthermore, it is important to administer such programs in a fair and equitable manner for all employees. Â̾ÞÈËÊÓƵreviews its compensation practices and ranges regularly to ensure that these goals are being met.
Your salary as an employee at Â̾ÞÈËÊÓƵis determined by several factors, including what is being paid for similar positions in the educational and local marketplace. At Pace, jobs with similar responsibilities, duties and characteristics are grouped together and assigned a salary range that is externally competitive and that will allow the employee potential salary and career growth. The salary range has a minimum, a midpoint, and a maximum salary rate, and movement within this range depends on several factors, including your performance and where you started in the range, based on your skills and experience prior to joining the University.
In managing the University’s compensation programs, we provide assistance with:
- Creating and updating position descriptions
- Job evaluation and classification
- Promotions, salary increases and title changes
- Merit process guidelines and procedures
- Fair Labor Standards Act (FLSA) compliance
- Managing and navigating the Performance Management and Development Process (PMDP), including questions regarding the PMDP system and supervisory reporting updates.
Please note that administering salaries equitably is a shared responsibility between your supervisor and the Human Resources Department. If you have questions regarding your salary, it is recommended that you discuss them with your supervisor, as he or she is in the best position to explain how your individual salary was determined.
Helpful Links and Resources
- – online system used for processing promotions, salary increases and stipends for existing employees
- Be sure to consult the Payment Actions User Guide (PDF), which includes detailed instructions for using this system.
- To schedule one-on-one training for the Payment Actions system, please contact Beth Buls at ext. 22765 or bbuls@pace.edu.
- – applicant tracking system also used to create new position descriptions or update existing ones.
- Performance Management and Development Process
- Compensation Policies