Salary Formulas Presented to the Faculty Salary and Benefits - - PDF document

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Salary Formulas

Presented to the Faculty Salary and Benefits Committee 11 January 2011

Salary Formulas

• ! Salary Range Formula: used for new
• r 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.] CUPA CIP code(s): _________52.16__________________ [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).] Academic Year of hire: _____2010-2011____________________ [E.g., AY 2008-09] Length of Contract: __10 month_and 12 month____________________ [E.g., 9-month, 10-month, 12- month, etc.] Rank: _Assistant Professor_______________________ [E.g., Assistant Professor, Associate Professor, etc.] 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

• ther than 9 months.

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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)*(#

• f months above nine))

Faculty Raise Distribution Procedure

93,632 64,087 52,142 59,510 48,587 46,434 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 90,000 100,000 Professor (n = 36) Associate Professor (n = 23) Assistant Professor (n = 19) Dollars Faculty Rank

Target Salary vs Actual Salary, after 2009-10

Target Salary Actual Salary

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.

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Deficit = Target Salary - Actual Salary

(Total Deficit = $1.7M)

34,122 15,500 5,707 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 Professor (n = 36) Associate Professor (n = 23) Assistant Professor (n = 19) Dollars Faculty Rank

Deficit, after 2009-10

Deficit

Raise = (Raise Factor)*Deficit; where

Raise Factor = (Available Monies for Raises)/ (Total Deficit for all Faculty)

2,730 1,240 457 500 1,000 1,500 2,000 2,500 3,000 Professor (n = 36) Associate Professor (n = 23) Assistant Professor (n = 19) Dollars Faculty Rank

Fictitious Raise Factor = 0.08, after 2009-10

Fictitious Raise

Promotions

(Subtracted from available funds prior to raise distribution; prorated for contract length)

• ! From Associate Professor to Professor:

$4,000;

• ! From Assistant Professor to Associate

Professor: $2,750;

• ! From Instructor to Assistant Professor:

$2,000.