| Overall Rating | Silver - expired |
|---|---|
| Overall Score | 56.23 |
| Liaison | Rachael Wein |
| Submission Date | July 11, 2014 |
| Executive Letter | Download |
Smith College
PA-9: Employee Compensation
| Status | Score | Responsible Party |
|---|---|---|
|
2.03 / 3.00 |
Larry
Hunt Associate Vice President Human Resources |
Number of employees:
Number of staff and faculty covered by sustainable compensation standards, guidelines, or policies; and/or collective bargaining agreements:
Date Revised: Aug. 19, 2015
Does the institution have employees of contractors working on-site as part of regular and ongoing campus operations?:
Number of employees of contractors working on campus:
Number of employees of contractors covered by sustainable compensation standards, guidelines, or policies and/or collective bargaining agreements:
A brief description of the sustainable compensation standards, guidelines, or policies; and/or collective bargaining agreements covering staff, faculty and/or employees of contractors:
Our sustainable compensation standard is based on both market rates and employee performance, and includes the following principles:
- We maintain internal equality wherein employees are paid similarly for similar work, and in consideration of their relative education or experience..
- We maintain external competitiveness by comparing the salaries of benchmarked jobs against our labor markets.
- Our merit increases are linked with standardized guidelines for assessing job performance, and local, regional, and national markets, and to the organizational values of competencies of Smith College.
Date Revised: Aug. 19, 2015
Does the institution wish to pursue Part 2 of this credit (assessing employee compensation)?:
Number of staff and faculty that receive sustainable compensation:
Number of employees of contractors that receive sustainable compensation:
A brief description of the standard(s) against which compensation was assessed:
Our analysis indicates that our salary standards ensure employees are paid well over an appropriate poverty guideline. The institution’s lowest paid regular, full-time employees earned $31,327 in fiscal year 2014. This is over %125 of the low-income cut-off for a family of four, according to the 2015 Federal Poverty Guidelines.
In addition to their regular earnings, Smith College employees receive a wide range of benefits, including comprehensive health care plans, tuition assistance benefits, and generous retirement contributions. These benefits are considered highly competitive with local, regional and national job markets. We periodically survey our benefits for their competitiveness in the higher education marketplace.
Date Revised: Aug. 19, 2015
A brief description of the compensation (wages and benefits) provided to the institution’s lowest paid regular, full-time employees:
$31,327 annual
A brief description of the compensation (wages and benefits) provided to the institution’s lowest paid regular, part-time employees:
$18,274 annual
A brief description of the compensation (wages and benefits) provided to the institution’s lowest paid temporary (non-regular) staff:
$12.00/hour
A brief description of the compensation (wages and benefits) provided to the institution’s lowest paid temporary (non-regular, adjunct or contingent) faculty:
$6,775 rate per contract
A brief description of the compensation (wages and benefits) provided to the institution’s lowest paid student employees (graduate and/or undergraduate, as applicable):
$8.50 per hour up to a maximum of $2,250
The local legal minimum hourly wage for regular employees:
Does the institution have an on-site child care facility, partner with a local facility, and/or provide subsidies or financial support to help meet the child care needs of faculty and staff?:
Does the institution offer a socially responsible investment option for retirement plans?:
The website URL where information about the institution’s sustainable compensation policies and practices is available:
Data source(s) and notes about the submission:
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.