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ERIC Number: EJ917005
Record Type: Journal
Publication Date: 2008
Pages: 16
Abstractor: ERIC
Reference Count: 38
ISBN: N/A
ISSN: ISSN-0271-0579
A Four-Step Faculty Compensation Model: From Equity Analysis to Adjustment
Herzog, Serge
New Directions for Institutional Research, n140 p49-64 Win 2008
Among the varied analytical challenges institutional researchers face, examining faculty pay may be one of the most vexing. Although the literature on faculty compensation analysis dates back to the 1970s (Loeb and Ferber, 1971; Gordon, Morton, and Braden, 1974; Scott, 1977; Braskamp and Johnson, 1978; McLaughlin, Smart, and Montgomery, 1978), both conceptual and operational questions on how to identify, and correct for, inequity in pay persist. Similarly, there is no dominant approach to ensure faculty compensation reflects changing market conditions. Thus, the dual goal of fashioning compensation analysis to screen for both internal equity and external calibration in pay faces a number of challenges. After briefly addressing these, this chapter lays out four steps that could be used in a compensation model for instructional faculty at a public land grant university. The author proposes the four-step statistical process to take faculty compensation analysis from identification of possible inequities to potential salary adjustment options. (Contains 6 tables.)
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Publication Type: Journal Articles; Reports - Descriptive
Education Level: Higher Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A