Barnard Compensation Philosophy
Barnard College acknowledges and affirms that its staff are among its greatest assets. To that end, the College seeks to recruit and support top-tier staff who will continue to secure Barnard’s reputation as a premier institution, support the College’s commitment to the liberal arts and women’s education, and its affiliation with Columbia University. To meet these needs and priorities, Barnard offers staff competitive total rewards within a culture that promotes diversity, using its unique location in the cosmopolitan urban environment of New York City as a platform.
Role of Pay
- Barnard College’s compensation program is intended to provide pay that is commensurate with compensation at similar institutions; and administered fairly and in a financially sustainable manner, in order to attract, retain and engage qualified individuals.
- The compensation program is structured to recognize expertise, performance and fulfillment of role expectations, and support career growth and professional development.
- The compensation program strives for external competitiveness in accordance with Barnard’s needs and financial resources, and with due consideration of internal equity among divisions and employees performing similar functions based on the requisite knowledge and expertise required to fulfill those positions.
- Barnard seeks to pay aggregate salaries at competitive levels of its comparison markets, as required to assure an outstanding staff.
- Barnard compares salaries to the relevant geographic market, accounting for the New York City market as appropriate, and industry (e.g., higher education, not-for-profit, and for-profit organizations), depending upon the functional nature of the job and level of responsibilities.
- Barnard also takes into consideration the higher education market on a national level, in particular, peer institutions that are comparable in mission, size, and scope.
Base salary is the primary method of rewarding staff at Barnard College, An individual's base salary reflects:
- The value of the job in the market
- The value of the job to the institution
- Individual capabilities (including skill sets, experience, and performance against job expectations)
- Other benefits such as health care, disability insurance, life insurance, tuition assistance, paid time off, and retirement benefits are important components of Barnard’s total rewards program.
- Appropriate base salaries are maintained by regularly reviewing and updating job descriptions and through the periodic evaluation of the salary program.
- Salary program reviews (i.e., updating and maintenance) are used to ensure that the jobs, market comparisons, and structures are current and remain consistent with the aims of the College.
Beyond Market Factors
- Barnard College’s goal is to ensure the success of all staff through compensation and related programs by providing an environment where people can grow and excel.
- The College strives to promote performance excellence. Career and personal development is encouraged by rewarding employee accomplishments, skills, knowledge, achievements and outcomes.
- Barnard College is committed to openness, transparency, and timely communication pertaining to the compensation philosophy, classification system, and pay practices to ensure that the principles that guide salary decisions are clearly understood.
- Barnard will disseminate compensation guidelines and protocols on a regular basis using varied forms of print, electronic and verbal communication.
- The Office of Human Resources administers and maintains the salary program in collaboration with the Finance Office which includes program development and ongoing review and maintenance.
- Departments and offices, through their respective office heads and managers propose and consult with HR generalists regarding salary actions based on compensation guidelines provided by Barnard’s Office of Human Resources.
- Salary actions are determined and authorized by the Finance Office in partnership with the Office of Human Resources who communicates final salary decisions.