The Compensation Committee
The compensation committee is a recommending body which meets blockly to discuss issues of compensation on behalf of the employees of Colorado College. Each year, the committee provides official recommendations to the college’s budget committee regarding salary adjustments for both staff and faculty. The committee may also recommend changes to employee benefits.
The Colorado College Compensation Philosophy
(proposed December 2011, as modified September 2012)
Colorado College strives to provide a high-quality liberal arts education to a diverse community of students. Achieving this mission requires an equally diverse group of highly qualified employees who are rewarded and recognized for their contributions. Therefore, the College supports a compensation program that:
- Is aligned with the College’s mission, strategies, and plans and is administered in a financially sustainable manner;
- Provides comprehensive compensation that is competitive within appropriate labor markets and takes into account living wage principles;
- Promotes performance excellence and advancement through a career by using an approach that rewards achievements and outcomes;
- Allocates compensation in a fair yet flexible manner in compliance with all applicable legal requirements; and
- Remains open to emerging compensation practices to address changes in the workforce and workplace over time.