Compensation for University and Academic Professionals
The new HR plan incorporates a holistic approach, integrating career development, performance management and compensation to attract, engage and retain a diverse, high-quality staff in the years to come. This proposed compensation plan was designed to:
- Ensure VCU salaries are competitive.
- Pay for performance by basing salary increases on merit and sustained contributions.
- Better link career development, performance management, compensation and rewards.
- Offer flexibility and varied compensation options (e.g., bonuses, recognition awards) for short-term contributions.
While this proposed compensation and career development plan continues to evolve, we welcome and encourage your feedback.