The University of Richmond's salary structure enables the University to manage compensation competitively against the market through market-based salary grade ranges that provide enough width to account for variation in individual experience and performance.
The UR salary structure contains 12 grades. Each of the grades has a minimum, midpoint, and maximum reflecting the range of compensation in the market for the positions in the grade. UR benchmark positions (e.g., positions for which market data is available) are placed into the structure based primarily on an analysis of compensation in the market for each of the positions, along with internal equity considerations. Non-benchmark positions (e.g., positions that are unique to the University or for which market data is not available) are placed into the structure based on a comparison of the scope, impact, and responsibility of the position to benchmark positions.
The salary structure provides guidelines for UR to set and manage compensation. Employees can expect to be paid within the range of the grade for their position. Employees primarily advance through a grade through annual performance-based increases.