| Overall Rating | Silver |
|---|---|
| Overall Score | 48.73 |
| Liaison | Claire Rodgers |
| Submission Date | March 4, 2022 |
Franklin W. Olin College of Engineering
PA-12: Employee Compensation
| Status | Score | Responsible Party |
|---|---|---|
|
0.50 / 3.00 |
"---"
indicates that no data was submitted for this field
Part 1. Living wage for employees
29.32
US/Canadian $
Percentage of employees that receive a living wage (benefits excluded):
91.59
Part 2. Living wage for employees of contractors
Yes
A list or brief description of significant on-site contractors:
Olin's on-site contractors are Rebecca's Culinary Group (dining services) and Aramark (facilities).
Percentage of employees of on-site contractors known to receive a living wage or be covered by collective bargaining agreements (i.e., union contracts):
0
Part 3. Minimum total compensation for employees
None of the above (i.e. the lowest paid regular employee or pay grade earns less than the living wage)
A brief description of the minimum total compensation provided to the institution’s lowest paid employee or pay grade:
-Health insurance: Harvard Pilgrim Health Care plans
-Dental insurance: Delta Premier
-Flexible Spending Account (medical & dependent care)
-Health Savings Account (only eligible for High Deductible plan participants)
-Group Life Insurance: Coverage equal to one times the employee's salary
-Voluntary Life Insurance
-Travel Accident Insurance
-403 (b) Basic Retirement Plan: We contribute an amount equal to three times an employee's basic contribution
-Supplemental Retirement Plan
-Short- and long-term disability provided by the college
-Liberal vacation time
-Paid holidays
-Employee Assistance Program
-Tuition Assistance Program: After five years of employment, eligible employees can receive tuition support for dependents to attend a college or university
-Free use of Olin and Babson facilities, such as the libraries and athletic center
-Dental insurance: Delta Premier
-Flexible Spending Account (medical & dependent care)
-Health Savings Account (only eligible for High Deductible plan participants)
-Group Life Insurance: Coverage equal to one times the employee's salary
-Voluntary Life Insurance
-Travel Accident Insurance
-403 (b) Basic Retirement Plan: We contribute an amount equal to three times an employee's basic contribution
-Supplemental Retirement Plan
-Short- and long-term disability provided by the college
-Liberal vacation time
-Paid holidays
-Employee Assistance Program
-Tuition Assistance Program: After five years of employment, eligible employees can receive tuition support for dependents to attend a college or university
-Free use of Olin and Babson facilities, such as the libraries and athletic center
Optional Fields
No
A copy or brief description of the institution’s written policy stating its commitment to a living wage:
Not a formal commitment, but Olin has begun looking at faculty salaries very closely and made adjustments based off of research. This is based off of what the top 10 schools, prestigious and equivalent to our level compensate their professors.
Olin has also begun going through an analysis of staff salaries. A third party looked at every job description and met with all of the managers to discuss every single position.
Olin is in the process of forming a pay philosophy. In terms of pay for staff, we like to be in the 50th percentile. Olin would like to make changes to that, since it hasn’t been looked at in years.
Olin has also begun going through an analysis of staff salaries. A third party looked at every job description and met with all of the managers to discuss every single position.
Olin is in the process of forming a pay philosophy. In terms of pay for staff, we like to be in the 50th percentile. Olin would like to make changes to that, since it hasn’t been looked at in years.
Website URL where information about employee compensation is available:
---
Additional documentation to support the submission:
---
Data source(s) and notes about the submission:
Sharon Woodward, Director of Human Resources
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 or simply email your inquiry to stars@aashe.org.