Organizational Review: Compensation and Benefits
The teams involved in the org review began their work last fall and presented their findings to the Cabinet last month. However, the work of the CompBen Team was delayed until after the implementation of Banner in January; our findings related to benefits will be presented in late June. Compensation findings will take a bit longer — it is expected that we will have a final report to Cabinet in September.
The CompBen Team is charged with taking a “top to bottom analysis of total compensation” and to “weigh the data, costs and preferences of the community and help to determine a total compensation package that offers the best that Drew can afford to offer” given the financial constraints now in existence within the general economy and Drew University. Because of the complexity and sensitivity of the subject, the team began its work by identifying an outside consultant – Sibson Consulting – to assist in analyzing and assessing the overall compensation package provided to Drew employees. Sibson has worked with many colleges and universities across the nation and brings a wealth of experience to this process!
The project has several components – bench marking benefits and salaries at peer colleges and universities; surveying faculty and staff to determine their benefits preferences; and developing a total compensation program that integrates best practices, employee preferences and available University resources.
The first component – identifying the schools to benchmark for benefits – has been approved by the team and the bench marking has begun. The next component – the design of a survey instrument to confidentially invite feedback from faculty and staff — was completed and the survey will be distributed by Sibson to all full and part-time faculty and staff on Monday, April 16th. The survey questions include a combination of check boxes and rankings, but the survey also provides the participant with the opportunity to write in comments as desired. The survey will be open for two weeks and the results go directly to Sibson; members of the team will not have access to survey results. Sibson will tabulate the results and share them with the team in the aggregate; the team will use the information to help us redesign our benefits program.
The next step after the release of the survey is for Sibson to host four focus group meetings onTuesday, May 1st. The focus group participants will be randomly selected and invited to a specific session. There will be one focus group session each for tenure-track faculty, tenured faculty, biweekly paid staff and monthly paid staff. Each group will include up to 20 invitees. All members of Cabinet, the Compensation Monitoring Committee and the CompBen Team will beexcluded from participation in the focus groups. The meetings will be conducted by Sibson and the information discussed will only be shared in the aggregate. The identity of participants and their comments will not be shared with anyone.
We need your candid feedback! We encourage everyone to respond to the survey –- and if you are invited to a focus session – please attend, share your thoughts and concerns with our consultant, and help make a difference.
Important reminder: both the survey results and the focus group discussions will be managed completely by Sibson. They will only share information with the CompBen Team in the aggregate – the identity of participants will not be shared !
To ensure that monthly paid faculty and staff are paid correctly, all paperwork, including stipends and new hire benefit enrollment forms, must be received in HR or Payroll no later than the dates shown below. Sorry, but deadlines will be strictly enforced – no exceptions!
- April 20 for the April 30 paycheck
- May 22 for the May 31 paycheck
Calendar of Events
New Faculty and Staff Orientation:
- Monday, April 30 9:00 am – 11:30 am Madison House, Room 104
Summer Fridays Begin
- Friday, May 25
TIAA-CREF Individual Counseling Sessions (by appointment only*)
- Thurs., April 26 9:00 am – 5:00 pm University Commons, Room 207
- Tues., May 22 9:00 am – 5:00 pm University Commons, Room 207
- Wed., June 20 9:00 am – 5:00 pm University Commons, Room 207
*To schedule an appointment with TIAA-CREF call 1-800-732-8353