Overall Rating Silver - expired
Overall Score 48.23
Liaison Asheen Phansey
Submission Date Jan. 28, 2011
Executive Letter Download

STARS v1.0

Babson College
PAE-11: Sustainable Compensation

Status Score Responsible Party
Complete 6.96 / 8.00 Maureen Lederhos
Director Marketing Programs and Brand Operations
College Marketing
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Total number of employees working on campus (including contractors):

Number of employees (including contractors) that the institution ensures earn sustainable compensation:

A brief description of how the institution ensures that its lowest-paid workers (including contractors, if applicable) receive sustainable compensation:

In May/June of each year, the Compensation Manager reviews all staff jobs to collect appropriate eternal market data to ensure we are paying fairly. When necessary and the employee’s performance is average or above, adjustments are made if we discover that someone is significantly underpaid.

Academic Affairs reviews faculty compensation a different point in the year to ensure faculty are being compensated appropriately. They also make adjustments when necessary and appropriate.

The most recent year total compensation for the institution’s lowest-paid workers (including contractors, if applicable) was evaluated to ensure that it was sustainable:

The website URL where information about the institution’s compensation policies and practices is available:

The URL above is an internal site.

If we include seasonal, temporary, and independent consultants we have 1,108 employees on campus. If we exclude the seasonal employees then the number drops to 999. Examples of seasonal employees are folks that work in season at our skating rink, counselors who work on campus during summer camps, as well as part-time assistant coaches that only work during a specific season. The independent consultants include those that are active on campus right now and do not include visiting performers or visiting speakers. We also do not track those employees that work for services that we contract out such as the Bookstore and Dining Services.

We review compensation as we hire folks for our regular or temporary employees so this would be 964 employees that we ensure earn a sustainable compensation. We do not have specific assessments that take place on wages for seasonal employee or independent consultants. We do however ensure that there is consistency among these employees.

The information presented here is self-reported. While AASHE staff review portions of all STARS reports and institutions are welcome to seek additional forms of review, the data in STARS reports are not verified by AASHE. If you believe any of this information is erroneous or inconsistent with credit criteria, please review the process for inquiring about the information reported by an institution and complete the Data Inquiry Form.