In the last few years, higher education institutions have begun to transform their operations from an academic to a business model, justifying their existence much in the same way private businesses do--in terms of profit. Faculty compensation systems are an important academic tool academic administrators can use to control cost, ensure top quality faculty performance, and increase institutional quality as a whole. This book addresses the link between particular faculty compensation systems and their impact on an institution's missions and goals, the factors that influence a faculty member's compensation, and more.