(1) A school of excellence, with the approval of the authorizing body, may employ or contract with personnel as necessary for the operation of the school of excellence, prescribe the personnel's duties, and fix the personnel's compensation. A school of excellence may implement and maintain a method of compensation for its employees that is based on job performance, job accomplishments, and job assignment in a subject area or school that is difficult to find employees to staff.

    (2) By not later than November 1 of each year, each school of excellence shall post all of the following information on its website that is accessible to the public:

    (a) The average salary for new teachers and the average salary for veteran teachers employed by the school of excellence or employed by an educational management organization and assigned to the school of excellence, or, if there are fewer than 5 new teachers or 5 veteran teachers at the school of excellence, the average salary for all teachers employed by the school of excellence or employed by an educational management organization and assigned to the school of excellence.

    (b) The average salary for support staff employed by the school of excellence or employed by an educational management organization and assigned to the school of excellence.

    (3) As used in this section:

    (a) "Educational management organization" means that term as defined in section 553c.

    (b) "New teacher" means an individual who has held a teaching certificate for less than 5 years.

    (c) "Support staff" includes, but is not limited to, student-facing paraprofessionals, food service workers, bus drivers, and literacy coaches.

    (d) "Veteran teacher" means an individual who has held a teaching certificate for 5 or more years.