The Let’s Talk Toolkit

Our Process

Let’s Talk Money focuses on improving policy, perception, leadership skills and engagement in the faculty compensation system, drawing on learning from efforts by the Rochester Institute of Technology, Drexel University, Gallaudet University, and Villanova University. 

The Let’s Talk Money Process is designed to help universities examine their faculty compensation system(s) to improve external competitiveness, internal fairness, transparency, consistency, and communications. By engaging in the modules, institutional teams will be walked through topics key to improving the compensation system to create an action plan.  

Process Modules

  • Module 1:  Project Introduction, Team Building, Goal Clarification

  • Module 2: Organizational Fairness & the Compensation Philosophy

  • Module 3: Internal & Benchmarking Data for Salary Comparisons

  • Module 4:  Pay Decision Processes and Fairness

  • Module 5: Bolstering Pay Decision Processes

  • Module 6: Collaborating and Communication

  • Module 7: Revisiting Pay Decision Processes

  • Module 8:  Communicating about Salary-Related Topics

  • Module 9:  Designing a Compensation Professional Development Program for Pay Decision Makers

  • Module 10: Creating an Action & Implementation Plan

Toolkit

  • The Let’s Talk Process Guide - A guide to the three steps in the LTM process: 1) Preparation, 2) the 10 LTM modules, resulting in an action plan, 3) implementation of the plan.

  • The Let’s Talk Syllabus - Document with links to informational slides, team activities, and suggested homework