Let’s Talk Money – Session Recap
All full-time faculty members were invited to attend an interactive workshop titled “Let’s Talk Money: Understanding RIT Pay Practices” where participants were shown salary-related resources available today and explored how to shape future thinking and discussions regarding salary. This was a hands-on, 90-minute session where participants ideally understood RIT’s compensation philosophy and salary practices (such as factors affecting faculty salary, compa-ratio/position to market, and moving pay to market). Learning objectives also included finding your salary-related information in Oracle and general salary-related information on the HR website. Facilitators were Professors Margaret Bailey (KGCOE) and Carol Marchetti (COS/Math) as well as Christina (Tina) Ross from RIT Human Resources.
Fourteen faculty members attended this workshop. As a results of participation, attendees noted what they may do differently moving forward. Noted plans include “approach department chair or/and dean to discuss salary” and “look at my annual increases more critically and ask questions.”