Colorado school district uses supply and demand to determine salaries
In order to attract higher quality teachers, save money, and strengthen STEM fields, a Colorado school district changed their pay scale for teachers. Before the 2012-2013 hiring period, Douglas County School District, used the ‘step-in-lane’ system for determining teacher salaries. This system took into account the degree of education the teacher had and the amount of years they’d taught.
“That’s been in the system now for 92 years so it didn’t matter if you were a PE teacher or a calculus teacher you were still looked at based on your years of service and your degree that you’ve earned,” says Brian Cesare, the district’s chief HR officer and the man responsible for the school’s new system—market based pay.
So what is market based pay? The infographic below explains it.