Knowledgebase/FAQ : Compensation
Question: How will eligible raises be recorded in SharePoint and PeopleSoft? Answer: If the salary increase is part of a reclassication (title change) the department will complete the Modify a Position form in SharePoint. The information on the for...
A new hire or promotion must be offered at least the minimum salary for the position. If the employee or candidate exceeds the minimum qualifications for the position and you feel that a salary above the minimum is warranted, contact the Compensation o...
Visit the Compensation websites titled Add a New Position [1] and Job Reclassification [2]to determine which area your employee falls into. Complete the required documentation and the Compensation office will find an existing job title or create a new ...
Job descriptions are meant to be a broad overview of the tasks performed and may cover several people working in different departments. If your duties are not covered by your job description, make a list of what you do and contact the Compensation offi...
Compensatory time is given on an hour-for-hour basis for hours worked or paid as leave or vacation in excess of forty per week. Compensatory time must be used within twelve months and is not paid out if it is not used.
Exempt and non-exempt status are determined by the Fair Labor Standards Act (FLSA). Positions classified as non-exempt are required to receive overtime wages for hours worked in excess of forty per week.
Your salary grade is determined by comparing the market value for similar external positions to yours and then comparing your position to the pay of other jobs in the organization that require the same level of knowledge, skills and abilities.
A salary range is the minimum, midpoint and maximum annual salary or hourly rate assigned for each grade. The midpoint represents the market value for the position.
A salary grade is a number designation attached to many job titles that share the same salary range.