Compensation Vision Statement for Staff
Who We Are
HR Compensation strives to maintain a comprehensive and competitive total compensation plan for all UNM staff employees, and to continuously provide University managers with clear and consistent compensation tools that contribute to the success of the overarching missions of The University of New Mexico.
As a means of supporting the University community, HR Compensation:
- serves as the principal institutional source of consultative expertise on all classification and compensation matters pertaining to staff employees
- collaborates with managers and organizational leaders in the resolution of complex day-to-day classification and compensation issues
- establishes and maintains the University’s classification and compensation structures
- leads major institutional initiatives to align the University with industry-leading practices and to ensure compliance with University policies and state and federal compensation laws
TOTAL REWARDS WHEEL
There are many elements to UNM’s Total Rewards package for staff employees. Compensation is a critical component within the larger picture of rewards that serve to attract, motivate, engage and retain employees.
Our Vision & Philosophy
The University’s Compensation Vision, ratified by the Executive Cabinet, provides a clear philosophical framework to achieve a comprehensive and competitive total compensation plan for all UNM staff employees.
The University recognizes the vital role its staff employees play in carrying out its stated mission to serve as New Mexico's flagship institution of higher learning through teaching, research, patient care, and community service.
The University’s compensation program is designed to:
- attract and retain top quality staff at all organizational levels,
- reward individual excellence and promote employee growth and development,
- provide fair and equitable compensation of its staff employees at all organizational levels,
- support the University's commitment to the community to serve within its fiscal means and legal obligations as a public institution of the State of New Mexico.
The University’s Total Compensation Program strives to be dynamic, flexible, and responsive to enable us to quickly address current and emerging compensation challenges and support the changing needs and operating objectives of the institution.
The Staff Total Compensation Plan
There are four factors that are key to the success of the University's Staff Total Compensation Program:
To provide a sound framework for addressing these key factors, HR Compensation aspires to develop and maintain a comprehensive staff compensation program that consists of the following elements:
Competitiveness in the Job Market
A responsive, market-based pay grade and salary range system that allows for structured, merit-based salary growth and advancement, both within defined pay ranges and between established pay grades.
Internal Job & Pay Equity
A position classification hierarchy that has been aligned within the pay grade system, using a combination of market comparison and job evaluation methodologies.
This approach helps to establish both the external job worth and the relative intrinsic work value of individual positions, and provides a framework for creating job equity and meaningful career progression opportunities for employees.
Reward for Individual Performance & Growth
A comprehensive, flexible, and competitive employee benefits plan consisting of a variety of quantifiable monetary benefits and substantial retirement benefits.
Recognition of Quality of Life Needs of Employees
An array of work-life programs and policies, to include educational opportunities, an attractive paid leave policy, a range of health and wellness programs, and access to alternative work arrangements.
Comp Philosophy Downloadable PDF
Guiding Principles
In order to support the University’s Compensation Vision and Philosophy, compensation programs are administered in alignment with the following guiding principles:
- University compensation programs acknowledge that staff contributions are critical to the achievement of the University’s missions, goals and objectives.
- Compensation decisions support and promote diversity in the workplace. Policies and procedures are based on principles of transparency, consistency and objectivity, resulting in decisions that are fair and equitable.
- Staff salaries are determined by the nature and level of responsibility required to perform the job, as well as the individual’s performance, job-related education and training, and demonstrated competencies and skills.
- Classification structures provide meaningful career development opportunities based on increasing levels of knowledge, skills, abilities, achievement and demonstrated performance on the job.
- Quantifiable, objective measures are used to evaluate the success of the University’s Compensation program over time.