W&M Faculty Salaries Board of Visitors April 2018 Faculty - - PowerPoint PPT Presentation

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W&M Faculty Salaries Board of Visitors April 2018 Faculty - - PowerPoint PPT Presentation

Aug 24, 2022 320 likes •539 views

W&M Faculty Salaries Board of Visitors April 2018 Faculty Salaries Under the Promise 2 W&M Faculty Salary Increases FY14-FY18 State State Planned Actual Authorization Funded Constraints FY14 6% 6% 3% 0.75% 5.7% drop in

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W&M Faculty Salaries

Board of Visitors

April 2018

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SLIDE 2

Faculty Salaries Under the Promise

2

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W&M Faculty Salary Increases FY14-FY18

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FY14 FY15 FY16 FY17 FY18 Total

State State Planned Actual Authorization Funded Constraints

6% 6% 6% 6% 6% 30% 6% 5.5% 4.5% 3% 3% 22% 3% 0% 2% 0% 2% 7% −

5.7% drop in state support 4.5% statutory cap; 2.5% from reallocation 3% statutory cap; additional budget reductions State budget reductions

0.75% 0% 0.5% 0% 0.5% 1.75%

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1.368 1.325 1.232 1.114 0.950 1.000 1.050 1.100 1.150 1.200 1.250 1.300 1.350 1.400 1.450 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012* FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 Indexed Value (FY 2007 = 1.00) *VRS participants received a 5% raise in FY 2012 offset by a required 5% VRS contribution.

Increases in Faculty Base Salary Indexed to FY 2007

W&M UVA VT State Actions

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$88,800 $86,204 $85,638 $90,452 $88,587 $92,277 $96,741 $99,594 $96,880 15.3% 18.0% 22.7% 18.4% 20.7% 19.2% 15.7% 17.7% 21.3% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% $0 $20,000 $40,000 $60,000 $80,000 $100,000 $120,000 FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017

Percent Gap to SCHEV 60th Pcntl. Goal

  • Avg. Faculty Salary

W&M Avg. Faculty Salaries and Gap to the SCHEV 60th Percentile Goal, FY09-FY17

W&M Difference/Gap to 60th Percentile (%)

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What happened?

  • As the composition of W&M faculty has changed to

incorporate more full-time NTE faculty, this has impacted average faculty salary.

  • Fluctuation within the pool (retirements, promotions from one

rank to another, etc.) create some variation from year-to-year.

  • The Promise has done a lot, but not as much as originally

hoped.

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7 7.6% 9.0% 10.2% 10.8% 12.6% 92.4% 91.0% 89.8% 89.2% 87.4% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% FY2013 FY2014 FY2015 FY2016 FY2017

Composition of Full-Time Instructional Faculty Included in Average Salary

Full Assoc Asst Instr/Lect

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$129,048 $94,800 $70,843 $60,893 $0 $20,000 $40,000 $60,000 $80,000 $100,000 $120,000 $140,000 2009 2010 2011 2012 2013 2014 2015 2016 2017

W&M Avg. Faculty Salaries by Rank, FY09-FY17

Full Associate Assistant Instructor Lecturers

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Faculty Salary Distribution FY13-FY18

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Continuing Faculty Salary Growth, FY13

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0% 10% 20% 30% 40% 50% 60% 70% 80% $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000

  • Cum. Pct. Increase

Salary A&S Law MSOB SOE VIMS

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Continuing Faculty Salary Growth, FY14

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0% 10% 20% 30% 40% 50% 60% 70% 80% $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000

  • Cum. Pct. Increase

Salary A&S Law MSOB SOE VIMS

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Continuing Faculty Salary Growth, FY15

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0% 10% 20% 30% 40% 50% 60% 70% 80% $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000

  • Cum. Pct. Increase

Salary A&S Law MSOB SOE VIMS

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Continuing Faculty Salary Growth, FY16

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0% 10% 20% 30% 40% 50% 60% 70% 80% $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000

  • Cum. Pct. Increase

Salary A&S Law MSOB SOE VIMS

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Continuing Faculty Salary Growth, FY17

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0% 10% 20% 30% 40% 50% 60% 70% 80% $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000

  • Cum. Pct. Increase

Salary A&S Law MSOB SOE VIMS

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Continuing Faculty Salary Growth, FY18

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0% 10% 20% 30% 40% 50% 60% 70% 80% $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000

  • Cum. Pct. Increase

Salary A&S Law MSOB SOE VIMS

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~Backup Slides~

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$88,800 $86,204 $85,638 $90,452 $88,587 $92,277 $96,741 $99,594 $96,880 $103,032 $102,197 $107,387 $110,293 $109,589 $114,460 $118,094 $121,361 $122,816 $99,912 $100,274 $103,496 $104,081 $102,011 $103,194 $104,080 $107,645 $109,588 $110,014 $111,956 $117,252 $117,548 $0 $20,000 $40,000 $60,000 $80,000 $100,000 $120,000 $140,000 FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017

  • Avg. Faculty Salary

W&M Avg. Faculty Salaries and Gap to the SCHEV 60th Percentile Goal, FY09-FY17

W&M 60th Pctl.-Private 60th Pctl.-Public 60th Pctl.-Combined

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18 $88,800 $86,204 $85,638 $90,452 $88,587 $92,277 $96,741 $99,594 $86,877 $105,903 $111,289 $117,252 $0 $20,000 $40,000 $60,000 $80,000 $100,000 $120,000 FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016

  • Avg. Faculty Salary
  • Avg. Faculty Salaries Among Research Universities, FY09-FY16

W&M R2 (Higher Research)-60th pctl. R1 (Highest Research)-60th pctl. USNWR Top 100-60th pctl. SCHEV-60th pctl.

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19 12.4% 12.9% 13.6% 14.7% 0% 2% 4% 6% 8% 10% 12% 14% 16% Increase in Avg. Faculty Salary, FY13 to FY16 Note: Yeshiva U. excluded due to apparent data error (45% increase from FY15 to FY 16).

Percentage Increase in Avg. Faculty Salary, FY13 to FY16

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0.000 0.050 0.100 0.150 0.200 0.250 0.300 0.350 2009 2010 2011 2012 2013 2014 2015 2016 2017

Percentile Rank Among SCHEV Peers

Percentile Rank among SCHEV Peer Group of W&M Avg. Faculty Salaries by Rank, FY09-FY17

Full Professors Associate Professors Assistant Professors