COMPENSATION
1. Structure of Compensation
C.1.01 Compensation:
The Board of Trustees adopts compensation plans and salary schedules for all employees System-wide. The System has established compensation plans for each employee classification. Employees shall be paid according to a salary schedule or compensation plan adopted by the Board after recommendation by the Chancellor. No employee of the System shall be compensated at a rate other than prescribed in such schedules, unless pursuant to a contract expressly approved by the Board.
C.1.02 Responsibility for Compensation Plan:
The System's Executive Council shall serve as the System's Compensation Committee, and shall consider recommendations from the Human Resources Department for revisions to the salary schedule, adjustments to classification and compensation procedures.
The Chancellor may appoint a Faculty Compensation Committee to review the placement of newly hired faculty.
Location Executive Officers are responsible for approving all salary actions, including new hire salary offers, changes to base salary, and changes to any form of supplemental salary, in conformance with established compensation policies and procedures.
C.1.03 Objectives of Compensation Plan:
The fundamental objectives of the System's compensation plan are to ensure that:
a. employees receive fair and equitable pay in relation to the value of work performed;
b. the System receives a fair return on its investment; and
c. the employee receives a fair return for the contribution made.
Pay ranges will be established that create fair and equitable comparisons of jobs across the System.
Clear and defined policies, procedures and processes for salary administration will be published on the System Office website. The Chancellor or designee shall administer and maintain compensation systems in accordance with these policies, procedures and processes.
LSCS Policy Manual Section adopted by the Board of Trustees on August 7, 2008