Compensation Philosophy
At the College of the Holy Cross, we recognize that our staff—both hourly and administrative—are essential to achieving our mission. We are committed to offering a competitive and transparent compensation program that attracts, retains, and rewards talented professionals while ensuring fiscal responsibility and alignment with institutional priorities as a not-for-profit organization.
A clearly defined compensation philosophy helps guide decision-making, ensuring that pay practices remain consistent, competitive, and sustainable. By maintaining a structured approach to compensation, we provide staff with a clear understanding of how pay decisions are made.
Our compensation approach is based on the following principles:
- Market Competitiveness: We strive to offer salaries that are aligned with relevant labor markets to ensure we remain an attractive employer. Compensation is reviewed annually based on market data, budgetary considerations, and institutional needs. Merit, experience, and job responsibilities all factor into pay decisions.
- Compliance and Best Practices: College of the Holy Cross adheres to all applicable federal, state, and local employment laws related to wages, salaries, and benefits. Our pay practices are implemented consistently and thoughtfully to support an engaged workplace.
- Recognition of Contributions: Compensation decisions consider an individual’s role, responsibilities, and performance.
- Comprehensive Benefits: Beyond salary, we offer a competitive benefits package designed to enhance both professional and personal well-being. This includes healthcare, retirement contributions, paid time off, and other programs that support staff members’ financial security and work-life balance.
By maintaining a compensation philosophy aligned with the mission of the College, rooted in competitiveness, transparency, and consistency, the College aims to help all staff members understand how their contributions are valued while fostering a collaborative and high-performing work environment.
