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ERIC Number: ED567762
Record Type: Non-Journal
Publication Date: 2016-Jun
Pages: 61
Abstractor: As Provided
Reference Count: 80
ISBN: N/A
ISSN: N/A
Improving the Compensation Process in Higher Education: Fostering a High Performing Organization
Cockerham, Thomas
Online Submission
While there is a large amount of research regarding employee satisfaction and turnover, less attention has been paid to the role of compensation, especially in the context of for-profit institutions of higher education. This capstone project conducted a review of budgetary records and human resources files at a for-profit institution of higher education in the Southwestern US. In conjunction with a review of theories and research concerning employee satisfaction and turnover, this capstone project found that adequate compensation philosophies were important factors in improving employee satisfaction and reducing turnover. This capstone project created a change management plan with the purpose of assisting the for-profit institution of higher education in adopting an adequate compensation philosophy. The change management plan included a description of the changes suggested, provided evidence to demonstrate that the changes would be effective, identified individuals who were responsible for enacting the specific changes, and suggested a specific timeline for implementing the changes. Among the changes suggested by the change management plan, this report identified bringing faculty compensation rates into line with established rates in the wider market, and ensuring that job descriptions were kept up-to-date and accurately reflected employee duties. This report also included a plan for evaluating the implementation and success of the change management plan. The goal of this capstone project was utilize collaboration and effective leadership to assist the for-profit institution of higher education in adopting an adequate compensation philosophy that increased faculty satisfaction and retention, and that was competitive, equitable, and innovative. [This research is a Doctoral Capstone Project presented in partial fulfillment of the requirements for the Degree Doctor of Education at Capella University.]
Publication Type: Reports - Research
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A