You are the human resource manager of a local university, and you have been asked to explain the differences in compensation among instructors, assistant professors, associate professors, and full professors. How is compensation determined for these different positions?
The differences in compensation among instructors, assistant professors, associate professors and full professors can be explained in terms of different levels. First, the university determines the policy if it will pay equal to, less than, or more than the average salaries paid for each position. If the local university decides to pay equal to the average salary for each position in the United States, the local university will determine the national average salaries for each position. The average salary will be paid for each position. For example, if the average salary for an associate ...
This solution explains differences in compensation of faculty positions. The sources used are also included in the solution.