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Progress to Date
Primary tasks during this ongoing phase of the salary equity study include:
- Identifying potential stakeholders such as Human Resource (HR) professionals, senior leadership and others
- Defining the pay equity study as an analysis comparing pay for similar work regardless of race, sex or ethnicity
- Educating the CHRO and Chief Financial Officer (CFO) on potential risks, concerns, and key drivers of pay
- Developing potential methodologies that identify the variables (e.g., population and scope) potential costing and funding sources, establishing a timeline with key milestones, and striving towards leadership support.
In Year 2 and beyond, the Compensation and Classification Team will continue to work on various key action items in support of this phase by:
- Obtaining vendor/consultant requests for information and analyzing the details provided
- Developing options for project organization
- Obtaining necessary approvals from leadership
- Conducting an assessment of U-M’s current career framework
External consultant interviews have informed Compensation and Classification about best practices employed by peer institutions. A study approach document was developed and will be shared with leaders in 2025.
Responsible Unit(s): University Human Resources / Staff HR / Compensation & Classification