Develop Compensation Education Initiatives

Status:  On Target

Overview

Develop compensation education initiatives to enhance the understanding of UTA’s compensation philosophy and provide education on pay transparency.

Impact

The benefits of providing education on our compensation philosophy and pay transparency:

1. Employee trust and engagement is gained/increased.
2. Supports critical recruitment and retention challenges.
   1. Increase in volume and quality of applicants if ranges are posted on jobs.
   2. Retention of employees due to knowledge that salaries are competitive.

This initiative supports:

2030 People and Culture Theme

Foster a culture that attracts and retains top–tier talent and empowers our employees to contribute their best efforts.

Key Strategy 1: Deploy additional compensation tools.

• Tactic: Develop an annual process to support our executive leaders with market-based compensation intelligence.
• Tactic: Continue work on market assessment of job positions to ensure individuals are compensated at market rate.

Status Update - Spring 2025

The initiative of developing a robust compensation education strategy will begin in spring 2025. The educational training sessions will begin in summer 2025.