Reward and Recognition
The University believes people should work in an environment where they are valued and where exceptional performance is recognised. Ensuring the University is a great place to work is about more than just the financial mechanisms we use to recognise performance, it’s about ensuring we have the right systems in place to recognise and reward groups and individuals who foster excellence in research and teaching and in the conduct of all professional activities.
The University's Reward Strategy was approved in July 2014 following a review of the University's reward policies and practices to ensure that the University’s approach towards reward was fit for purpose in the next phase of the University’s development.
The Reward Strategy sets out the following overarching principles. The University's Reward initiatives will:
- reward excellence and competency.
- be more transparent about the total reward package and how reward is determined.
- apply a consistent framework to reward which recognises different staff categories.
- further reinforce the embedding of equality in our approach towards reward.
- promote the total reward package (financial and non-financial).
- develop clear initiatives which facilitate career and reward progression.
- focus reward on positive stewardship of the University and legacy.
- clearly contribute to key University strategies.
- minimise bureaucracy while maintaining governance.
The Reward Strategy was introduced in phases, including review and updating reward structures and arrangements introduced several years ago, leading to the introduction in 2015 of revised arrangements for the remuneration of Professors and the Above and Beyond employee recognition scheme.
Above and Beyond
Above and Beyond celebrates the excellent contribution our staff make to the success of the University; recognising the hard work, commitment and achievements of all staff both individually and as part of team through a responsive and transparent recognition scheme.
A recent review of professorial pay has created a structured approach to the reward of professors within the University, achieving greater transparency and ensuring the process fully meets equality and diversity standards - find out more.