BROWARD COLLEGE. Fox, Lawson & Associates Compensation Study 2012-2013 Summary Findings.
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Fox, Lawson & Associates
Compensation Study 2012-2013
Strategic goal 4Enhance the College’s Strategic Human Capital and Competitive Advantage by Recruiting, Developing and Retaining Diverse and Talented Faculty, Staff and Administrative Leaders whose Primary Focus will be to Promote Student Success and Support Lifelong Learning for All Students
The College needs to determine where in relation to the market it wants to set its pay strategy (Fox/Lawson)
The College will need to consider if there are internal equity issues for classifications to be addressed through job analysis (Fox/Lawson)
The College should address pay compression - the extent of this impact was not examined in the Fox/Lawson study (Fox/Lawson)
Adopt salary administration practices that move employees through the range based on satisfactory performance and/or seniority (Fox/Lawson)
“Static” employee = no classification change
bring employees to minimums $ 608,645
to 25th percentile $ 225,000
Total FY 13-14 cost $ 833,645
Note: Health Care increases to individual employees will need to increase by roughly 3% per average salary.