The international higher education sector is highly competitive, and McMaster is focused on maintaining and further improving our reputation as we advance our mission and vision. McMaster University will maintain a compensation program for designated executives that supports the attraction, development, engagement and retention of those high caliber leaders so critical to the University’s continued success.

To further the University’s mission as a student-centered research-intensive university and to build on its accomplishments and reputation, McMaster’s approach to compensation is based on the following principles:

• The ability to attract and retain the caliber of leaders needed to advance the University’s academic goals and commitment to excellence.
• A total compensation program that is competitive with other similar organizations with which we compete for talent.
• Comparators that are meaningful and relevant to McMaster and reflect its competitive market for talent as defined by the university’s focus, research intensity and international standing.
• Compensation approaches, meaning the combination of base salary, variable pay, benefits, retirement income, and other provisions, that align with and support our culture.
• Support for succession planning
• Consistency with other employee groups, as required by the regulation.