A4200 Pursuit of Excellence in Compensation & Benefit Practices

Policy

Policy Type: Administrative
Responsible: CHRO; ED, Human Resources
Related Policies: A4000, A4100, A4300, A4400
Linked Operating Standards: 
Related Laws: Wage & Hours, FLSA, FMLA, ILCS 105/1-15, Title VII
Related External Standards: 
HLC Criterion1C1C The institution provides opportunities for civic engagement in a diverse, multicultural society and globally connected world, as appropriate within its mission and for the constituencies it serves.

A4200 Pursuit of Excellence in Compensation & Benefit Practices PDF

 

Policy Statement


The College is dedicated to creating a workplace that embodies our core values of transparency, inclusiveness, excellence, and mutual respect. We recognize that investing in our people is vital to fulfilling our mission, and we are committed to attracting, retaining, and rewarding a diverse and highly talented workforce. By offering equitable and innovative compensation and benefits, we ensure our practices remain competitive with labor market standards while sustaining institutional strength and affordability.

Our approach is comprehensive, encompassing competitive base salaries, impactful performance-based recognition, comprehensive benefit options, and a workplace culture that promotes engagement, collaboration, and personal growth. We prioritize internal equity, external competitiveness, and financial feasibility while fostering a supportive environment that values work-life balance, holistic well-being, and shared success.

To these ends, the Chief Human Resources Officer, in partnership with the President and Senior Leadership Team, will:

  1. Enhance Employee Engagement: Regularly evaluate and refine compensation and benefits using data-informed insights to meet employee needs and aspirations.
  2. Promote Well-Being: Provide resources, programs, and initiatives that support health, reduce stress, and enhance overall quality of life.
  3. Recognize and Reward Excellence: Implement performance-based rewards and recognition systems that celebrate employee contributions and foster a sense of value and empowerment.

With these actions, the College aims to cultivate an inspiring and supportive workplace where every employee is motivated to excel, empowered to thrive, and proud to be part of a mission-driven institution.

 

Change Log Governance Unit: DEIB Council
Date Description of Change
12.5.24 Initial Adoption