201 Compensation Objectives

The following are the objectives of the University's compensation and classification programs:

To attract and retain competent and productive staff from the appropriate national, regional or local labor market.
To identify different levels of responsibility and accountability and to establish salaries accordingly.
To base salary adjustments on individual contributions and performance.
To pay salaries that are competitive, on an overall basis, with salaries in the relevant labor market(s) and that are consistent with the University's budgetary guidelines and within allocated financial resources.