Transcript TMG SALARY SURVEY - Working at McMaster
TMG SALARY SURVEY
Summary of Results by TMG Total Rewards Steering Committee
Tony Cupido, Co-Chair Marie Townsend, TMG Rep
Background
June 15, 2006 Board Meeting
• Request that administration conduct a review of the process of formulating and communicating remuneration recommendations for TMG
Survey Distribution
On-line survey circulated to all members of TMG November, 2006 Solicited feedback on communications, process and performance review
Survey Feedback
TMG Total Rewards Survey
• Response - 300 out of 441 TMG (68%) • Feedback was generally positive • Sub-committee established to analyze the data, develop report to the Board • Final Report to Remunerations (Feb 16 th ) and the Board (Mar 1 st )
Survey Results
Three themes identified:
Communications The Process for Setting and Administering Compensation Non-Cash Priorities
Key Recommendation #1
Information for New Managers
Update Recruiting and Orientation materials Develop on-line Compensation Manual Website Q & As Review process of renewing TMG Distribution list ‘Helpline’ to answer TMG compensation questions
Key Recommendation #2
Review compensation-related processes
Sub-committee to review compensation-related processes, including: • Movement through the range • Link between performance and merit • Systemic Challenges • Other related compensation processes • Standardize use of Non-cash (MPDA/MCD) allocations
Key Recommendation #3
Standardize opportunities for information sharing
Review current and establish new opportunities for information sharing and consultation with TMG: Market-comparator data Survey results and Board report Review of Total Rewards Philosophy, compensation policy and process documents Challenges facing research-funded positions Non-cash information presentations
Progress to Date
Initiative
Revised Terms of Reference Establishment of Sub-committee
Draft Merit Allocation Guidelines
Report to Remunerations/Board
Timeline
Jan. 23 Jan. 23
Feb. 22
Feb. 16/March 1 Update TMG/Supervisor’s Distribution List Revised Performance ‘Toolkit’ Feb. 23 Feb. 26
Upcoming Initiatives
Initiative
Survey Results/Board Report On-line Q & As Performance/Merit training On-line Compensation manual Orientation/Recruiting materials Limited Access website (TMG) Report - Standardizing information sharing Post Market-comparator data
Timeline
Mar 1 Mar 15 Mar 7/12/15/20 April 30 April 30 April 30 April 30 June 1