| Overall Rating | Silver - expired |
|---|---|
| Overall Score | 56.59 |
| Liaison | Rob Andrejewski |
| Submission Date | Feb. 15, 2016 |
| Executive Letter | Download |
University of Richmond
PA-9: Employee Compensation
| Status | Score | Responsible Party |
|---|---|---|
|
2.21 / 3.00 |
Carl
Sorenson Assoc VP for Human Resources Human Resources |
"---"
indicates that no data was submitted for this field
None
Number of employees:
1,860
Date Revised: Feb. 14, 2017
Date Revised: Feb. 14, 2017
None
Number of staff and faculty covered by sustainable compensation standards, guidelines, or policies; and/or collective bargaining agreements:
1,549
Date Revised: Feb. 14, 2017
Date Revised: Feb. 14, 2017
None
Does the institution have employees of contractors working on-site as part of regular and ongoing campus operations?:
No
Date Revised: Feb. 14, 2017
Date Revised: Feb. 14, 2017
None
Number of employees of contractors working on campus:
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None
Number of employees of contractors covered by sustainable compensation standards, guidelines, or policies and/or collective bargaining agreements:
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None
A brief description of the sustainable compensation standards, guidelines, or policies; and/or collective bargaining agreements covering staff, faculty and/or employees of contractors:
In 2012, the University conducted a salary benchmarking survey leading to the implementation of a new compensation structure based on identified peer institutions and the prevailing wages in the Richmond, VA market. At the time the market rate for our lowest paid employees was determined to be $9.53/hour. With the intention to provide a compensation package to help employees meet their basic needs, the University convened a number of focus groups and a task force comprising employees from different divisions and job levels across the University. The result was a new minimum wage of $10.00/hour with free, University-provided GRTC bus passes and at least one health plan option with 100% University-paid premiums for individuals. Since then, the University’s minimum wage has increased to $11.00/hour with free bus passes and a premium free health care option. In addition, the University offers tuition remission covering credit and non-credit courses to employees and their dependents. Eligible employees receive 14 paid holidays, up to 15 vacation days, and 10 sick days and 2 personal days.
Date Revised: Feb. 14, 2017
None
Does the institution wish to pursue Part 2 of this credit (assessing employee compensation)?:
Yes
Date Revised: Feb. 14, 2017
Date Revised: Feb. 14, 2017
None
Number of staff and faculty that receive sustainable compensation:
1,193
Date Revised: Feb. 14, 2017
Date Revised: Feb. 14, 2017
None
Number of employees of contractors that receive sustainable compensation:
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None
A brief description of the standard(s) against which compensation was assessed:
For Part 2 of this credit, the University of Richmond elects to assess the compensation it provides its employees against 120% of the poverty guideline for a family of four ($14.02). We use our complete benefit package which includes, health insurance, free GRTC bus passes, employer-paid short and long-term disability, 8 weeks of parental leave for the birth or adoption of a child for either parent, a 5% university retirement contribution plus a 5% university match totaling a 10% university retirement contribution, and 100% tuition remission qualify the University to offset 20% of the wage criteria for benefited employees, leaving a target wage of $11.22. 986 employees receiving benefits earn more than $11.22/hr. 207 employees not receiving benefits earn more than $14.02/hr. Therefore, 1,193 out of 1,860 receive sustainable compensation.
Date Revised: Feb. 14, 2017
None
A brief description of the compensation (wages and benefits) provided to the institution’s lowest paid regular, full-time employees:
Regular, full-time employees: $11.00/hour with free bus passes, a premium free health care option, tuition remission covering credit and non-credit courses to employees and their dependents, employer paid short term and long term disability, vacation, sick personal leave, 8 weeks of parental leave for the birth or adoption of a child for either parent
Date Revised: Feb. 14, 2017
None
A brief description of the compensation (wages and benefits) provided to the institution’s lowest paid regular, part-time employees:
Regular, part-time employees: $11.00/hour minimum wage for lowest paid. Prorated vacation, sick and personal leaves. University retirement contributions for hours worked over 1,000 in one year. Non-credit tuition remission for employees.
Date Revised: Feb. 14, 2017
None
A brief description of the compensation (wages and benefits) provided to the institution’s lowest paid temporary (non-regular) staff:
Minimum rate not established by compensation standards for temporary non-regular staff. University retirement contributions for hours worked over 1,000 in one year.
Date Revised: Feb. 14, 2017
None
A brief description of the compensation (wages and benefits) provided to the institution’s lowest paid temporary (non-regular, adjunct or contingent) faculty:
Temporary (non-regular, adjunct or contingent) faculty: $5,000/semester with a PhD per course.
Date Revised: Feb. 14, 2017
None
A brief description of the compensation (wages and benefits) provided to the institution’s lowest paid student employees (graduate and/or undergraduate, as applicable):
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None
The local legal minimum hourly wage for regular employees:
7.25
US/Canadian $
Date Revised: Feb. 14, 2017
Date Revised: Feb. 14, 2017
None
Does the institution have an on-site child care facility, partner with a local facility, and/or provide subsidies or financial support to help meet the child care needs of faculty and staff?:
No
None
Does the institution offer a socially responsible investment option for retirement plans?:
Yes
None
The website URL where information about the institution’s sustainable compensation policies and practices is available:
Data source(s) and notes about the submission:
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The information presented here is self-reported. While AASHE staff review portions of all STARS reports and institutions are welcome to seek additional forms of review, the data in STARS reports are not verified by AASHE. If you believe any of this information is erroneous or inconsistent with credit criteria, please review the process for inquiring about the information reported by an institution or simply email your inquiry to stars@aashe.org.