1. Title of Committee:
1.1 Academic Staff Reward Committee (ASRC).
2. Status of Committee
2.1 Sub-Committee of the Remuneration Committee.
3. Responsibilities delegated to the ASRC by Remuneration Committee
3.1 To determine the award of contribution pay – additional increments and lump sum awards – for Academic Staff (both NAC and pre-NAC), teaching-only staff, LSE Fellows and Research Staff (bands 6 upwards) in the context of School strategy regarding pay and remuneration and prevailing financial conditions.
3.2 The provision of advice to Remuneration Committee on significant issues affecting pay and remuneration policy for Academic Staff (both NAC and pre-NAC), teaching-only staff and LSE Fellows and Research Staff (Bands 6 upwards)
3.3 To deal with such other remuneration and pay matters as may be referred to it by Remuneration Committee.
3.4 The determinations of the ASRC will be based in a large degree on the recommendations of Heads of Department about individual members of staff who have demonstrated sustained excellent performance or outstanding contributions beyond the normal requirement of roles; in the relevant areas of pedagogy, exceptional research outputs and support – teaching, departmental and/or School governance. Heads of Departments may be advised by the Departmental Evaluation Committees. In making contribution pay recommendations, Heads of Departments will also take into account person circumstances, were relevant, and can also take into account of salary relativities.
3.5 The ASRC is empowered to agree the allocation of available resources for awards Academic Staff (both NAC and pre-NAC), teaching-only staff and LSE Fellows and Research Staff (bands 6 upwards) within the allocation from School funds agreed by Finance Committee for this purpose, and taking into account the School's overall financial position and projected expenditure.
4. Arrangements for the Committee to report to the Remuneration Committee on the exercise of its delegated authority
4.1 The ASRC shall make an annual report to Remuneration Committee on its determinations in respect of individual members of staff and on any significant issues concerning pay and remuneration policy for Academic Staff (both NAC and pre-NAC), teaching-only staff and LSE Fellows and Research Staff (Bands 6 upwards).
4.2 The Committee shall submit additional reports to meetings of the Remuneration Committee on ongoing issues and/or as required by Remuneration Committee.
5. Quorum
5.1 6 out of 7 members
6. Frequency of Meetings
6.1 An annual meeting in the Summer Term of each session.
Last updated June 2015