All Resources

Tuesday Tips: Compensation Strategies with Jen Svendsen from Edgility

Grow Schools

June 20, 2024

Compensation Strategies

Jen Svendsen from Edgility joined us again this week to discuss effective compensation strategies and stipend policies and address wage discrepancies. Here are the key takeaways from the session.

  1. Align salary scales with talent strategy. To attract and retain the desired talent, align your salary scales with your talent strategy. For early career teachers, ensure competitive pay at the early steps. For experienced teachers, incentivize through advanced steps and education-related lanes.
  2. Transparent stipend policies. Develop clear stipend policies using the framework of what, how, when, exclusions, and why. Ensure teachers understand which activities are compensated and how stipends are calculated.
  3. Equity in compensation. Conduct regular equity audits to identify and correct wage discrepancies. This practice promotes transparency, fairness, and trust, leading to higher employee morale and better performance.

Watch the session below!