Compensation Strategy Committee

FAUW is seeking three members to comprise the initial Compensation Strategy Committee, which is a new standing committee that will support the Compensation Negotiating Team by maintaining information related to bargaining between negotiation cycles and review compensation negotiation processes. The initial term length for members will be 12 months, and the first task of the Committee will be to draft Terms of Reference. If you have any questions about the committee, please reach out to its incoming chair, Michael Wallace (michael.wallace@uwaterloo.ca).

What’s involved?

• The initial term will be for 12 months, beginning September 2024
• The first task of the committee is to draft Terms of reference for approval at the Board
• Outside of the formal meetings, the team is responsible for conducting extensive background research, including a review of the university’s most recent financial statements, environmental scans, analysis of the negotiation outcomes from other universities, and the assessment of the costing of any potential salary and/or benefit increases

What are the qualifications?

• Ability to analyze financial statements (preferably with accounting experience)
• Strong quantitative/mathematical modelling skills
• Knowledge of the University of Waterloo’s policies and governance structure
• Strong leadership and teamwork skills
• Detail oriented and strategic

If you have questions about this role, please contact the committee's incoming Chair, Michael Wallace.