Published to Newsletter on Jul 29, 2020
In December 2019, the University engaged with external consulting firm, Huron Consulting Group, to evaluate pay practices at UNM. Huron conducted an analysis of peers, market leading practices and pay distinctions, UNM turnover and pay administration practices, and compensation factors unique to the Health Sciences Center.
As an outcome of Huron’s recommendations, Human Resources is evaluating new resources and tools to support consistency in salary administration across the University. Additionally, HR Compensation will commence an evaluation of unique classification needs for the Health Sciences Center.
More information will be shared as resources and tools become available. For up-to-date information regarding the Pay Practice Study, refer to the Pay Practice Study project page on the HR website.
On January 1, 2021, the New Mexico Minimum Wage will increase from $9.00 per hour to $10.50 per hour. In response, the University is evaluating changes to the Staff Salary Structure to ensure all staff employees are paid no less than the new minimum wage rate by January. As adjustments occur to the Staff Salary Structure, changes will need to be made to certain job classifications and their grade levels.
HR Compensation will be contacting department leaders across Level 3 organizations to provide specific information about the anticipated impact of the changes to their organizations. Employees impacted by upcoming changes will receive notifications closer to the January implementation. For up-to-date information regarding the status of the project, refer to the Minimum Wage project page.
Tags: Compensation
