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
Overview of the Let’s Talk process - 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