About the Compensation Study
The Process
A compensation evaluation process is being implemented in a multi-year phased approach embracing a total compensation model, to include both the wages and benefits an employee receives. This process will provide an achievable and fiscally responsible compensation philosophy and plan. The plan’s recommendations will be implemented within Jax State’s overall budgetary constraints.
Phase I
- Summer 2022 - Enhanced and increased benefit offerings
- Summer 2023 - Strategic summer hiring pause
- Fall 2023 - Improvements to position budgeting
Phase II
- Spring 2024 - Provided spring mid-year retention supplements
- Summer 2024 - Developed a strategic, multi-year total compensation plan
- Fall 2024 - Implemented cost-of-labor market-based and leveled pay adjustments
Phase III
- Spring 2025 and beyond– Additional salary adjustments and recommendation implementation
Key Objectives
- Develop a PHASED strategic, achievable, and fiscally responsible total compensation philosophy.
- Create a compensation system that promotes competitive salaries, ensuring Jax State’s ability to retain and attract high quality faculty, administrators, and staff.
- Provide sustainable, competitive, and transparent compensation structure(s) and guidelines.
- Ensure internal equity.
- Help to establish a multiyear financial plan to support approved recommendations from the study.