The University of Denver recognizes that to fulfill its mission it requires a diverse group of highly qualified employees – educators, researchers, administrators and support staff. To ensure that faculty and staff are recognized and rewarded appropriately for their contributions and that University resources are used efficiently and effectively, the University supports a compensation system that:
- Provides comprehensive compensation (base salary, supplemental payments,
and benefits) that is competitive within the appropriate labor market
and is aligned with the availability of institutional and unit resources.
- Attracts highly skilled and competent employees and retains them
by providing opportunities for learning, growth and career development.
- Encourages and rewards excellent performance by individual staff
and teams and assures contributions toward meeting the mission, goals
and objectives of the University by basing salary increases on merit
- Assures a fair “living wage” for all employees who work
- Provides academic and administrative units flexibility in applying
the principles of the University’s compensation system.
- Allocates compensation in a fair yet flexible manner in compliance
with all applicable legal requirements.
- Balances the need for internal equity while recognizing the desire
to be market competitive subject to resource availability.
- Assures communication of system principles, goals, design, procedures
and relevant external market information to all units and individuals.
- Remains open to emerging compensation practices to address changes
in the workforce and the workplace over time.