The Total Rewards Initiative, part of the HR Excellence Portfolio, is a strategic initiative positioning Rice as a premier employer, enabling the attraction, selection, and retention of excellent employees. This will be achieved by providing Rice employees with a competitive and compelling total rewards package.
The concept of total rewards encompasses the complete range of compensation and benefits that an employer offers its employees. It includes base salary and a broad spectrum of tangible and intangible rewards, such as health insurance, retirement plans, bonuses, career development, paid time off, and more.
- Total Rewards Project
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Total Rewards Study (February 2023 – December 2023)
Complete the total rewards study, which includes:
- Competitive market analysis of current employee benefits and staff compensation to the market
- Review and refresh of staff job architecture
- Creation of a market-based pay structure
- Employee benefits survey
- Request for proposals for healthcare insurance providers
Implementation of FY24 Enhancements (January 2023 – June 2024)
- Implement updates to staff pay structure and job architecture
- Select a healthcare insurance provider and implement health plan changes for FY25
- Finalize total rewards strategy and implementation plan for FY25 and beyond
- Communication
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Total Rewards Update January 2024 (Zoom Recording)
Total Rewards Study FAQs from December 2023
Deadlines for HR & Graduate Fellow Actions
Fast Five Article from September 2023
The Owl's Perch from June 2023
Fast Five Article from June 2023
- Engagement Opportunities
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Staff Information Sessions: Overview of Total Rewards Initiative - Past sessions
In-Person
- October 23, 2023, at 10:00 a.m., Kyle Morrow Room (Fondren Library)
- October 24, 2023, at 11:00 a.m., Kyle Morrow Room (Fondren Library)
Zoom:
- October 25, 2023, at 3:00 p.m., Visit the event link to register.
- October 27, 2023, at 9:00 a.m., Visit the event link to register.
Sesiones en español:
- October 26, 2023, at 9:00 a.m., Cohen House
- October 26, 2023, at 10:00 a.m., Graduate Bubble
- October 26, 2023, at 1:00 p.m., Provisional Campus Facilities 3 (PCF #3)
- Information Sessions
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Supervisors/ Line Managers: Overview of Total Rewards Initiative (Past Sessions)
ZOOM:
- December 21, 2023, at 8:30 a.m., Visit the event link to register.
- January 2, 2024, at 2:00 p.m., Visit the event link to register.
Staff Information Sessions: Overview of Total Rewards Initiative
- January 3, 2024, at 10:00 a.m., Visit the event link to register.
- January 3, 2024, at 2:00 p.m., Visit the event link to register.
- January 4, 2024, at 9:00 a.m., Visit the event link to register.
- January 8, 2024, at 1:00 p.m. Visit the event link to register.
