华信惠悦 - Total Rewards Study Outcomes.pptVIP

December 10, 2003 Table of Contents Overview Focus Group Findings Market Analysis Findings LMU Practices Market Analysis Total Rewards Findings* Overview University Total Rewards Objectives of Study Develop a strategic approach to faculty rewards that ensures: Competitive pay Integrates faculty views on Total Rewards components; and Aligns with the Total Rewards philosophy of Loyola Marymount University (LMU). Specifically, Watson Wyatt (WW) has worked with LMU to: Conduct a competitive analysis of Total Rewards Develop guidelines for determining compensation by faculty rank and discipline Project Scope Three levels of faculty positions are covered in this study Assistant Professor Associate Professor Full Professor Schools covered in study College of Liberal Arts College of Science and Engineering College of Communication and Fine Arts School of Film and Television School of Education College of Business Administration Focus Group Findings Objectives The purpose of these focus groups was to gain an understanding of faculty opinions regarding Total Rewards at LMU The information shared helps Watson Wyatt evaluate LMU’s Total Rewards programs for faculty in terms of faculty perceptions, which need to be validated by objective data and analysis of Total Rewards at comparable colleges and universities Methodology Watson Wyatt conducted ten focus groups with Faculty in October and November 2003 Approximately 75 individuals participated in the focus group study The information shared in these focus groups was confidential in nature Watson Wyatts findings include summary results rather than individual input All responded openly, without reservation and with apparent candor to all questions Comments were recorded by Watson Wyatt consultants for analysis and reporting Methodology All key findings emerging during the interviews and focus groups are presented Given the consistency of participants’ responses within and across groups, the validity of the findings is like