Mission Statement (Role of Pay)
Portland State University views compensation as a core element of a highly competitive overall employee package that also includes generous health and retirement benefits, tuition benefits, and a supportive work environment. To this end, the University will:
- Provide salary opportunities that are based on job responsibilities, experience, expertise, and performance. Strive to be competitive within the markets in which the University competes for talent, and promote internal equity, with consideration for the financial resources of the University.
- Ensure understanding of the total compensation program through open, clear, and accessible communication on key components and opportunities of the program.
- Permit the appropriate level of flexibility to accommodate all PSU staff segments and their requirements.
The compensation structure will reflect the University’s Strategic Initiatives, cost to students including access and affordability, culture of the institution, reflect our commitment to positive relationships with our employees and employee unions, and support PSU’s ability to recruit and retain professional talent in a competitive market as fiscally feasible.
Commitment and Maintenance
Total compensation is defined as the sum of all cash and benefits provided to PSU employees. PSU will strive to be market-competitive in overall total compensation. PSU's goal is to have employee salaries, on average, near the market median of their established comparators’ total compensation amounts. The compensation program may also provide flexibility to adjust market positioning of strategic roles to meet key institutional needs and/or market pressures. A commitment to maintaining the total compensation program, through:
- Clear and consistent titling practices.
- Regular updating of position descriptions
- Periodic review of job structure, families, and levels (2-4 years)
- The identification of key benchmark jobs used to monitor the market
- Periodic review of the salary structure with adjustments made as necessary and as financially feasible to maintain market competitiveness
- Periodic reviews of incumbent salaries relative to one another to ensure internal equity
- Ongoing communication with appropriate bargaining units and staff