Hello and Good Evening Everyone,
Recently, Middle Tennessee State University decided to provide salary enhancements for its employees. This decision was made as an effort to address the gap between actual employee salaries and market salaries as reported by CUPA for 2014-15. The link to https://www.mtsu.edu/hrs/compensation/docs/Market_Adjustments.pdf
provides a couple of examples of how the raises are calculated. However, the example calculations are complex with no attempt given to explaining where some of the numbers actually come from. For example, how is the minimum and midpoint range determined? Is there a site that lists these values based upon the individual's skill level and years of experience? Here is an example scenario of interest that is in need of determining any salary adjustment.
John Doe at Pay Grade 2 with 17 years of MTSU experience
Current Salary --- $24,179.23
I can not list the Minimum and Midpoint Range because I do not know where these values really come from. That said, could someone possibly track down the source for determining this information? I am assuming the Pay Grade Scale is located somewhere within the mtsu.edu site, but, I am uncertain. Or, perhaps it comes from the CUPA statistics for 2014-15.
Any suggestions or tips for filling in the gaps so the numbers can be plugged into the calculations as shown in the examples given within the link of https://www.mtsu.edu/hrs/compensation/docs/Market_Adjustments.pdf
will be greatly appreciated.