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4.1 Objectives of the Wage and Salary Plan
Macalester College's human resources -- faculty, staff, and student employees -- are an important and vital part of the institution. In an effort to attract, retain, and reward our human resources, the College is committed to a total compensation program, of which salaries and wages are a significant piece.
The Staff Wage and Salary Plan covers the salary component of the staff employee's total compensation. Total compensation also encompasses benefits, which are covered in Section 11, Staff Benefits.
The Wage and Salary Plan at the College, incorporating the institution's goals, has the following objectives:
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To provide a wage and salary program that is as internally equitable as possible for staff, through a point method of job evaluation.
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To provide staff with a cash salary that is as externally competitive as possible, so as to attract and retain qualified employees.
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To insure that the staff wage and salary program of the College will have a high priority in planning and building of the College's budget.
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To provide a total compensation program that, as appropriate, will assist supervisors and administrators in encouraging staff to maximize their job performance.
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To provide a well-communicated wage and salary program that rewards meritorious service, and is clearly understandable.
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To accommodate periodically and as equitably as possible, wage adjustments for increased job responsibility.
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To provide a total compensation program that is in compliance with applicable legal requirements.
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To provide a program that is consistent with the Board of Trustees' fiduciary responsibilities.
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