Based on the author's extensive work with academic institutions and organizations, this book provides guidelines for developing a fair and effective faculty rewards system that is consistent with institutional mission. This book will show readers how to create an appropriate and effective faculty rewards system, along with tips for making it an institutional priority. It will outline how to develop an institutional mission statement, institutional guidelines, departmental guidelines, and union contracts, all of which supports a quality faculty rewards system. This book includes abundant samples of actual documents in use at a wide range of institutions that have matched their policies with their practices. Consulting this book gives readers both a broad picture of the process and specific examples of the tools needed to undertake the task at their own institutions. Individuals at all levels of the institution who are charged with developing a coordinated faculty rewards system, from trustee, to president, to department chair, to faculty members will find the decision-making tools they need.