Compensation management is more than just the means to attract and retain talented employees. In today’s competitive labor market, organizations need to fully leverage their human capital to sustain a competitive position. This requires integrating employee processes, information and programs with organizational processes and strategies to achieve optimal organizational results.
Virginia Tech is committed to the continued success of the Commonwealth of Virginia’s compensation plan. The plan enhances the university’s ability to staff core operations and new initiatives, support employee development, recruit and retain highly qualified employees and reward them based on their performance and capabilities, and support the achievement of organizational goals.
The compensation management program incorporates: