NYU's compensation strategy is to provide competitive and equitable compensation that is aligned with the University's short and long-term strategies and which serves to attract, retain and motivate high performing employees. In line with this, it is also the objective of the Compensation team to provide programs that enable leaders to recognize, reward and reinforce excellent and sustained employee performance.

Compensation

Our services include:

Creating an overall compensation strategy that is aligned with the University's strategy to ensure that our leaders have the programs, tools and information to attract, retain and motivate high quality employees and reward excellent performance
Evaluating positions consistently and fairly and classifying them into appropriate pay ranges, ensuring that positions are internally and externally equitable and meet the needs of the business
Developing incentive and recognition programs that meet the strategic needs of the various schools and administrative units of the University
Providing compensation-related guidelines, tools, information and training to HR Officers and managers to assist them with job design, position descriptions and compensation planning
Conducting salary surveys and analyzing relevant market pay data to help HR Officers and business leaders make good compensation decisions
Advising HR Officers and business leaders regarding promotions, upgrades, new positions, transfers, reorganizations and the impact these decisions will have on their compensation programs
Staying abreast of the most current market trends so as to ensure that our programs are effective and strategically aligned
Ensuring compliance with the Fair Labor Standards Act (FLSA) and applicable federal and state wage and hour laws