Summary
This report explores how independent schools structure performance-based faculty compensation systems, with a focus on evaluation practices. Specifically, the report summarizes how profiled independent schools use evaluation techniques to determine which faculty members earn annual compensation increases and/or compensation increases tied to salary band transitions. The report also describes strategies to implement performance-based compensation systems and explores compensation system impacts.
Key observations from our research Profiled schools implement two distinct salary increase models within banded, performance-based compensation systems.Use multiple, varied types of evidence to measure faculty performance holistically.To improve salary system financial sustainability, require faculty to complete long-term projects to advance bands.To transition salary bands, ask faculty to develop a portfolio of evidence that demonstrates achievement in all band criteria.