Middlebury College Vice President and Treasurer, Patrick Norton, recently announced through email a new merit matrix compensation plan.
Staff Council encourages conversation on this important topic and recognizes that providing a means of commenting anonymously can bring out important points. We encourage comments here – anonymously or not!
Attached is a spreadsheet that shows how an employee’s salary that is currently at the minimum, midpoint, and maximum of a specific job level – Operations 3 – will change over time. Three scenarios are shown – the current plan, the proposed plan, and the maximum under the proposed plan, but without a cap.
Compensation Example OP3 (4)
This was done in preparation for MCSC’s Executive Committee’s meeting with the Conference Committe of the Board of Trustees. And it relates to this post on Tim Spears’ blog.
If you haven’t already, please visit Tim Spears’ blog where he has three recent posts explaining the new compensation program:
The plan itself
How it will be implemented
Feel free to comment here or on Tim’s blog if you have questions or concerns. Also, Tim or Drew Macan in Human Resources welcome feedback in any form. You can send anonymous, private comments to either of them through campus mail.
For those who could not attend, click here to listen to the audio from the presentation.
With deep gratitude to David Kloepfer for recording and to Scott Witt for editing.