Overall Rating	Gold - expired
Overall Score	65.28
Liaison	David Blodgett
Submission Date	March 30, 2018
Executive Letter	Download

STARS v2.1

Babson College
PA-11: Employee Compensation

Status	Score	Responsible Party
	0.85 / 3.00	Donna Bonaparte Vice President, Human Resources Human Resources

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Part 1

The local living wage (based on a family of four and expressed as an hourly wage):

17.27 US/Canadian $

Percentage of all employees (regular full-time, regular part-time, and temporary workers) that receive a living wage (benefits excluded):

93.36

Part 2

Does the institution have employees of contractors that work on-site as part of regular and ongoing campus operations?:

Yes

Percentage of employees of contractors that work on-site as part of regular and ongoing campus operations that the institution has verified as receiving a living wage (benefits excluded) (0-100; enter ‘0’ if unknown):

Part 3

The total compensation provided to the institution’s lowest paid regular (i.e., permanent) employee or pay grade meets or exceeds what percentage of the living wage?:

100 percent

A brief description of the minimum total compensation provided to the institution’s lowest paid employee or pay grade, including any in-kind benefits included as part of the total compensation figure :

The Babson College suite of benefits includes: (1) Medical coverage offered through Blue Cross Blue Shield of Massachusetts (2) A Health Savings Account administered by Wells Fargo (3) Dental coverage offered through Delta Dental of Massachusetts (4) Vision coverage offered through Vision Services Plan (5) Flexible Spending Accounts administered by Crosby Benefit Systems (6) Long Term Disability coverage administered through Cigna (7) A 403(b) Defined Contribution Retirement Plan (8) Time-Off Benefits (9) Additional programs, discounts, and benefits

Optional Fields

Has the institution made a formal commitment to pay a living wage?:

A copy or brief description of the institution’s written policy stating its commitment to a living wage:

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Has the institution made a formal commitment to provide a living wage to its student employees and/or graduate teaching/research assistants (e.g. by adopting a student bill-of-rights)?:

A brief description of the institution’s commitment to a student living wage:

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The website URL where information about the programs or initiatives is available:

http://www.babson.edu/offices-services/human-resources/Pages/compensation.aspx

Additional documentation to support the submission:

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Data source(s) and notes about the submission:

Additional information here: http://hr.babson.edu/handbook/2014_benefits_guide.pdf Contractor information was not available for dining services staff.