Compensation Philosophy and Resources
Baylor University is committed to compliance with all applicable anti-discrimination laws. Accordingly, Baylor University’s compensation practices do not discriminate on the basis of age, race, color, sex, national origin, military service, genetic information, or disability.
In today’s dynamic market, understanding compensation is a fundamental factor in strategically building organizational success. The University's compensation philosophy is to compensate positions based on job content and to pay competitively within the market for the performance, skills, knowledge, and experience of the individual. This is a reflection of the University’s core values and commitment to fairness, equity, and excellence.
Baylor's compensation program has been designed to meet the following objectives:
- Equitable pay practices.
- Flexibility to attract and retain talent.
- Consistency in position classification and requirements.
- Judicious stewardship of student dollars and University funds.
HR utilizes market data from reputable industry leaders, as well as independent firms to stay on top of market trends in efforts to remain competitive in attracting and retaining talent.
Baylor greatly values the commitment and contributions of our employees. Internal equity is one of the key components that Human Resources takes into consideration when discussing compensation for a position.