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HR Compensation strives to maintain a comprehensive and competitive total compensation plan for all UNM staff employees, and to continuously provide University managers with clear and consistent compensation tools that contribute to the success of the overarching missions of The University of New Mexico.
As a means of supporting the University community, HR Compensation:
There are many elements to UNM’s Total Rewards package for staff employees. Compensation is a critical component within the larger picture of rewards that serve to attract, motivate, engage and retain employees.
The University’s Compensation Vision, ratified by the Executive Cabinet, provides a clear philosophical framework to achieve a comprehensive and competitive total compensation plan for all UNM staff employees.
The University recognizes the vital role its staff employees play in carrying out its stated mission to serve as New Mexico's flagship institution of higher learning through teaching, research, patient care, and community service.
The University’s compensation program is designed to:
The University’s Total Compensation Program strives to be dynamic, flexible, and responsive to enable us to quickly address current and emerging compensation challenges and support the changing needs and operating objectives of the institution.
There are four factors that are key to the success of the University's Staff Total Compensation Program:
To provide a sound framework for addressing these key factors, HR Compensation aspires to develop and maintain a comprehensive staff compensation program that consists of the following elements:
A responsive, market-based pay grade and salary range system that allows for structured, merit-based salary growth and advancement, both within defined pay ranges and between established pay grades.
A position classification hierarchy that has been aligned within the pay grade system, using a combination of market comparison and job evaluation methodologies.
This approach helps to establish both the external job worth and the relative intrinsic work value of individual positions, and provides a framework for creating job equity and meaningful career progression opportunities for employees.
A comprehensive, flexible, and competitive employee benefits plan consisting of a variety of quantifiable monetary benefits and substantial retirement benefits.
An array of work-life programs and policies, to include educational opportunities, an attractive paid leave policy, a range of health and wellness programs, and access to alternative work arrangements.
Comp Philosophy Downloadable PDF
In order to support the University’s Compensation Vision and Philosophy, compensation programs are administered in alignment with the following guiding principles: