Operating Principles and Guidelines for the Compensation Program (CWA, Local 4730)
The university will administer a compensation program that balances the university's mission, its human resource philosophy, and the needs and objectives of its employees.
Equity. Freedom from bias or favoritism; dealing fairly with all concerned.
Fiscal year. An accounting period of 12 months; IU's fiscal year is July 1 - June 30.
Grade level. The alphabetical level assigned to a group of jobs.
Quartile. Any one of four equal divisions.
Salary range. The range of salaries, from lowest to highest, that is assigned to each grade level.