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Career Development Communication amp。 and ? Aligns with the Total Rewards philosophy of Loyola Marymount University (LMU). ? Specifically, Watson Wyatt (WW) has worked with LMU to: ? Conduct a petitive analysis of Total Rewards ? Develop guidelines for determining pensation by faculty rank and discipline 5 Project Scope ? Three levels of faculty positions are covered in this study ? Assistant Professor ? Associate Professor ? Full Professor ? Schools covered in study ? College of Liberal Arts ? College of Science and Engineering ? College of Communication and Fine Arts ? School of Film and Television ? School of Education ? College of Business Administration Focus Group Findings 7 Objectives ? The purpose of these focus groups was to gain an understanding of faculty opinions regarding Total Rewards at LMU ? The information shared helps Watson Wyatt evaluate LMU’s Total Rewards programs for faculty in terms of faculty perceptions, which need to be validated by objective data and analysis of Total Rewards at parable colleges and universities 8 Methodology ? Watson Wyatt conducted ten focus groups with Faculty in October and November 2020 ? Approximately 75 individuals participated in the focus group study ? The information shared in these focus groups was confidential in nature ? Watson Wyatt39。 ?December 10, 2020 May 2020 Total Rewards Study Outes Summary Results 1 Table of Contents ? Overview ? Focus Group Findings ? Market Analysis Findings ? LMU Practices ? Market Analysis ? Total Rewards Findings* *Additional benefit areas (housing, sabbatical, etc.) still under study. Overview 3 University Total Rewards ? Health/ Welfare ? Retirement ? Dental ? Time Off ? Housing ? Tuition Remission NONMONETARY Growth amp。s findings include summary results rather than individual input ? All responded openly, without reservation and with apparent candor to all questions ? Comments were recorded by Watson Wyatt consultants for analysis and reporting 9 Methodology ? All key findings emerging during the interviews and focus groups are presented ? Given the consistency of participants’ responses within and across groups, the validity of the findings is likely high ? Please be mindful that focus groups spend a majority of the time discussing their issues and concerns rather than praising the positive attributes of the University ? The overall attitude toward the University as an educational institution was generally very positive 10 Overall Value of Total Rewards* Most Important ? Work Envir