Welcome to the Faculty Salary Information Presentation All information in this presentation can be...
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Transcript of Welcome to the Faculty Salary Information Presentation All information in this presentation can be...
Welcome to the FacultySalary Information
Presentation
All information in this presentation can be accessed in Gruszka’s
Professor Folder(Mustang Express, Faculty Tab,
Professor’s Folder Link, Dr. Gruszka, Salary Related
Workshops, 7 November 2013)
Purpose
• To learn how faculty salaries are calculated
• To become knowledgeable about faculty salary-related procedures to make informed decisions regarding any proposed changes
• To address any questions that you might have
Salary Formulas
• Salary Range Formula: used for new or replacement positions;
• Target Salary Formula: used to determine raises (when funds are made available by the legislature and/or the University President)
(Tenure-Track) Faculty Salary Range Request Form
The following information is needed from the hiring supervisor in order to determine a salary range for a new hire tenure-track faculty member. [Note: Currently, there is no policy or procedure for calculating a salary range for a visiting faculty member. Yet, it seems like hiring supervisors are using the salary ranges for tenure-track faculty as a guide.]
1. CUPA CIP code(s): _________27.01__________________
[Choose the CIP code(s) that most closely represent the nature of the position to be hired or specify that you would like the same category as the person being replaced (and name the person).]
2. Academic Year of hire: _____2013-2014____________________
[E.g., AY 2008-09]
3. Length of Contract: __9- month_and 12-month____________________
[E.g., 9-month, 10-month, 12- month, etc.]
4. Rank: _Assistant Professor_______________________
[E.g., Assistant Professor, Associate Professor, etc.]
5. New Position or Replacement: _______New____________
[If a replacement position, please specify the person being replaced.]
The salary range will then be computed at 83% to 86% of the corresponding average salary reported by CUPA-HR for the academic year two years prior than the academic year of hire. A salary range will also be computed at 95% of these amounts for a new hire without a terminal degree. These salary ranges will be prorated for contract lengths other than 9 months.
Salary Range Formula(for new or replacement positions)
• Salary Range Minimum = (Degree Factor)*(CUPA Average)*(0.83)*(Contract Length Factor);
• Salary Range Maximum = (Degree Factor)*(CUPA Average)*(0.86)*(Contract Length Factor); where
• Degree Factor = 1 for a terminal degree; Degree Factor = 0.95 for a non-terminal degree;
• CUPA Average depends on discipline and rank;• Contract Length Factor = 1 for a nine-month
contract; Contract Length Factor = (1 + (2/27)*(# of months above nine))
What is CUPA-HR?
• College and University Professional Association for Human Resources
(www.cupahr.org)
• Among other things CUPA-HR solicits colleges and universities to complete their surveys, many of which are related to salaries
Target Salary Formula
• Target Salary = (Degree Factor)*(CUPA Average)*(0.83 + 0.0175*(Years in Rank) + 0.002*(Years at WNMU)); where
• Degree Factor = 1 for a terminal degree; Degree Factor = 0.95 for a non-terminal degree;
• CUPA Average depends on discipline and rank;• Years in Rank is a value no greater than 8;
• Years at WNMU (in a tenure, tenure-track position or visiting position (after 2007-08)) is a value no greater than 25.
Raise = (Raise Factor)*Deficit; where
Raise Factor = (Available Monies for Raises)/ (Total Deficit for all Faculty)