An equity increase is an increase in salary based on a comparison to similar positions at the University. To be eligible for an equity increase an incumbent must meet one or more of the following criteria:
- a significant salary disparity exists between employees in the same job title on campus or between new hires and current employees in the same job title in a particular department or
- a salary compression issue exists between a supervisor and those whom they supervise.
Equity increases are separate and distinct from the University's merit program. These types of adjustments are not performance based. The incumbent must be performing at an effective performance level.
Your senior HR manager will assist you in the preparation of a document necessary to assess the position for possible equity increase. This document should include the following data:
- A description of the situation
- Names of internal comparators
Documents will be reviewed by the Compensation Team and a recommendation will be made to the senior HR manager.