SlideShare a Scribd company logo
1 of 24
Guilford College
Faculty Salary Formula Sub-committee
of the
2015-16 Compensation Committee
May 6, 2016
Faculty Salary Formula Sub-committee:
Who we are:
Daniel Diaz
Hiroko Hirakawa
Christine Riley
Natalya Shelkova
Richie Zweigenhaft
What do we want this formula to accomplish?
Align with Guilford Values:
Excellence, Diversity, Justice, Equality
Create Clarity:
Transparency, Predictability, Consistency
Build Trust:
Reduce resentments engendered by past practices
Values Question #1:
Should there be a salary differential
based on academic discipline?
Values Dilemma:
Excellence vs. Equality/Justice
[all work is equally valued]
Intentional Salary Difference by Discipline
Pros:
● Consistent with our value of
Excellence
● Recruit credentialed faculty in
high demand fields - fewer
people available for those
positions
● Recruit excellent faculty in all
fields
Cons:
● Not consistent with Guilford values of
Equality and Justice.
● Does not honor all faculty work
equally.
● Perpetuates and privileges the
gender, race, and other biases
current reflected within the market.
Values Question #2:
Should our desire to truly value diversity
be reflected in our salary model?
Values Dilemma:
Diversity vs. Equality
[all work is equally valued]
Intentional Salary Difference to Enhance Diversity
Pros:
● Allows us to compete with other colleges
to hire faculty from diverse backgrounds -
some are in great demand [consistent
with our value of Diversity & Excellence]
● Recognizes the additional burden that
some faculty bear in mentoring students,
and other unacknowledged workload
issues
● May help balance out the bias and
discrimination that is built into the
employment market
Cons:
● Does not equally value all faculty work
[works against our value of Equality]
● It’s questionable whether it is legal -
courts have gone both ways
● Defining diversity for this purpose, and
deciding what attributes we will privilege,
is a deeply troubling and complex matter.
It would be very easy to get this wrong.
DRAFT Faculty Salary Equity Formula
+ + + =
Base Pay
Per Rank
Terminal
Degree
Discipline
Premium
[market]
Phase
Out
Credit for
Years of
Experience
TARGET
SALARY
DRAFT Faculty Salary Equity Formula
RANK
Instructor
Assistant
Associate
Professor
BASE
$45,000
$52,000
$63,000
$80,000
DEGREE
$5,000
$5,000
$5,000
$5,000
DISCIPLIN
E
[Market]
%
of
$15,000
Phase
out
over time
CREDIT
FOR
EXPER-
IENCE
$200
per
year
=
TARGET
SALARY
[Equity]
+
Other options:
* Cost of Living Increase
* Merit Increase
* Endowed professorship
* Diversity considerations
Market Factors by Discipline* - Example
Market Factor = $15,000
Disciplines: % Market Factor Added to Base Salary
Humanities/ Social Sciences/ Education
Arts / Peace Studies / etc. 0% $ 0
Criminal Justice/ Geology / Some Foreign Languages /
Some subdisciplines in Math / Economics, etc. 35% $ 5,250
Chemistry / Health Sciences
Sport Sciences, etc. 50% $ 7,500
Business Management 70% $10,500
Accounting, Computer Science, Network Security 100% $15,000
Crediting Prior Experience* Example
Years of credited experience =
100% College teaching, full-time
75% Related professional experience
60% High School / other FT teaching
40% Teaching Assistant/Graduate Assistant teaching
Example #1: Target Salary Calculations
Sarah
Second year as Assistant Professor in Guilford's Chemistry Department.
Came to Guilford with:
2 years of high school teaching
3 years of Graduate Assistant teaching during her doctoral program at a research university
4 years as research chemist
1 year as a professional journalist
Example #2: Target Salary Calculations
Donald
In his 4th year as Associate Professor of English (6 years as Assistant Professor).
Came to Guilford with:
3 years teaching one course per semester in graduate school. He was responsible for developing the
syllabus, doing his own grading, advising students and serving on committees.
5 years teaching English full-time at community college before starting his doctoral program.
Then this happened….
The Dickinson College Salary Model
The Values reflected in the Dickinson College salary model
closely align with Guilford College values.
All faculty are paid on the same basis, regardless of discipline [mostly]
Faculty are involved in the setting of parameters and considering exceptions
Our Goal is to pay all faculty based on the same criteria.
Why would we not do this immediately?
1. Dickinson pays all faculty very well
• 85-90% percentile of AAUP salaries
1. They’ve been doing this for over 40 years
1. There is an option for $5k for market pressure in 3 specific disciplines
We have to start somewhere…..
“Phase Out Market Factor Over Time”
1. Reduce Market Factor incrementally each year, as we
move all salaries toward their targets.
1. Set a goal to eliminate the market factor within 6-8 years
“Phase Out Market Factor Over Time”
Implementation - The proverbial devil is in the details
Once the Formula is established:
1. Create a FACULTY COMMITTEE to guide implementation and administration.
2. Create a TARGET SALARY for each current faculty member. SHARE it with them. Everyone
should know their target and how it was determined.
3. Determine the COST of full implementation and estimate time to achieve it.
4. Establish a set of PRIORITIES for implementation based on Compensation Philosophy.
5. PHASE OUT salary increment based on academic discipline over time.
Questions?
Feedback?
Suggestions?
Cautions?
End
Here
Hold these next 2 slides in case we need to refer to them
Implementation, continued
NEW FACULTY:
• Hire at a rate that is equitable within their Guilford department [not their Target Salary]
• Share Faculty Salary Equity Model with all incoming faculty so they know what to
expect.
• Provide new faculty with their Target Salary so they know what we are aiming for.
• Move them toward their Target Salary in the same way as all other Guilford faculty.
Faculty Salary Proposal

More Related Content

Similar to Faculty Salary Proposal

2015.09.03 INTG1-GC-1030, Finance for Marketing Decisions - Rockoff
2015.09.03 INTG1-GC-1030, Finance for Marketing Decisions - Rockoff2015.09.03 INTG1-GC-1030, Finance for Marketing Decisions - Rockoff
2015.09.03 INTG1-GC-1030, Finance for Marketing Decisions - RockoffJoshua Rockoff
 
Return on Invetsment HR.ppt
Return on Invetsment HR.pptReturn on Invetsment HR.ppt
Return on Invetsment HR.pptFatmaNajeh2
 
ROI PPT_Final.ppt
ROI PPT_Final.pptROI PPT_Final.ppt
ROI PPT_Final.pptPersonivHR
 
Return On Investment Training And Development
Return On Investment   Training And DevelopmentReturn On Investment   Training And Development
Return On Investment Training And DevelopmentAhmed Zeen EL Abeden
 
how to determine return on training ang development
how to determine return on training ang developmenthow to determine return on training ang development
how to determine return on training ang developmentuniversity of education
 
Webinar - Mid-Year Check In: Are you Prepared to Tackle Compensation througho...
Webinar - Mid-Year Check In: Are you Prepared to Tackle Compensation througho...Webinar - Mid-Year Check In: Are you Prepared to Tackle Compensation througho...
Webinar - Mid-Year Check In: Are you Prepared to Tackle Compensation througho...PayScale, Inc.
 
Admin Irene C PD
Admin Irene C PDAdmin Irene C PD
Admin Irene C PDIrene Casey
 
Incentive presentation 070410
Incentive presentation 070410Incentive presentation 070410
Incentive presentation 070410Mark MacLeod
 
Getting a Return on Investment from Campus Recruiting - Metrics that Matter
Getting a Return on Investment from Campus Recruiting - Metrics that MatterGetting a Return on Investment from Campus Recruiting - Metrics that Matter
Getting a Return on Investment from Campus Recruiting - Metrics that MatterUniversum Webinars
 
Growth Strategies for Charter Schools: Start-up, Expansion, Maturity | Califo...
Growth Strategies for Charter Schools: Start-up, Expansion, Maturity | Califo...Growth Strategies for Charter Schools: Start-up, Expansion, Maturity | Califo...
Growth Strategies for Charter Schools: Start-up, Expansion, Maturity | Califo...Charter School Capital
 
MM PsychoTools Presentation
MM PsychoTools PresentationMM PsychoTools Presentation
MM PsychoTools Presentationkenneth mashele
 
MG-GY-9503Final Presentation- Team-1-Kanishka Sukumar- N-15 Consultants-3
MG-GY-9503Final Presentation- Team-1-Kanishka Sukumar- N-15 Consultants-3MG-GY-9503Final Presentation- Team-1-Kanishka Sukumar- N-15 Consultants-3
MG-GY-9503Final Presentation- Team-1-Kanishka Sukumar- N-15 Consultants-3arunabh singh
 
Compensation & maintenance
Compensation & maintenanceCompensation & maintenance
Compensation & maintenanceParul Raj
 
3 Habits of Highly Effective Pay Plans
3 Habits of Highly Effective Pay Plans3 Habits of Highly Effective Pay Plans
3 Habits of Highly Effective Pay PlansKen Gibson
 
Career planning, stages, and choices
Career planning, stages, and choicesCareer planning, stages, and choices
Career planning, stages, and choicesShobaRamesh5
 
Webinar - Navigating Compensation Budgeting Season
Webinar - Navigating Compensation Budgeting SeasonWebinar - Navigating Compensation Budgeting Season
Webinar - Navigating Compensation Budgeting SeasonPayScale, Inc.
 
Slideshare TRIGGER Nice May 2022.pdf
Slideshare TRIGGER Nice May 2022.pdfSlideshare TRIGGER Nice May 2022.pdf
Slideshare TRIGGER Nice May 2022.pdfTRIGGER16
 

Similar to Faculty Salary Proposal (20)

2015.09.03 INTG1-GC-1030, Finance for Marketing Decisions - Rockoff
2015.09.03 INTG1-GC-1030, Finance for Marketing Decisions - Rockoff2015.09.03 INTG1-GC-1030, Finance for Marketing Decisions - Rockoff
2015.09.03 INTG1-GC-1030, Finance for Marketing Decisions - Rockoff
 
Return on Invetsment HR.ppt
Return on Invetsment HR.pptReturn on Invetsment HR.ppt
Return on Invetsment HR.ppt
 
ROI PPT_Final.ppt
ROI PPT_Final.pptROI PPT_Final.ppt
ROI PPT_Final.ppt
 
Return On Investment Training And Development
Return On Investment   Training And DevelopmentReturn On Investment   Training And Development
Return On Investment Training And Development
 
Matrix Learning
Matrix LearningMatrix Learning
Matrix Learning
 
how to determine return on training ang development
how to determine return on training ang developmenthow to determine return on training ang development
how to determine return on training ang development
 
Webinar - Mid-Year Check In: Are you Prepared to Tackle Compensation througho...
Webinar - Mid-Year Check In: Are you Prepared to Tackle Compensation througho...Webinar - Mid-Year Check In: Are you Prepared to Tackle Compensation througho...
Webinar - Mid-Year Check In: Are you Prepared to Tackle Compensation througho...
 
Admin Irene C PD
Admin Irene C PDAdmin Irene C PD
Admin Irene C PD
 
Incentive presentation 070410
Incentive presentation 070410Incentive presentation 070410
Incentive presentation 070410
 
Getting a Return on Investment from Campus Recruiting - Metrics that Matter
Getting a Return on Investment from Campus Recruiting - Metrics that MatterGetting a Return on Investment from Campus Recruiting - Metrics that Matter
Getting a Return on Investment from Campus Recruiting - Metrics that Matter
 
Aspu 6262013
Aspu 6262013Aspu 6262013
Aspu 6262013
 
Growth Strategies for Charter Schools: Start-up, Expansion, Maturity | Califo...
Growth Strategies for Charter Schools: Start-up, Expansion, Maturity | Califo...Growth Strategies for Charter Schools: Start-up, Expansion, Maturity | Califo...
Growth Strategies for Charter Schools: Start-up, Expansion, Maturity | Califo...
 
MM PsychoTools Presentation
MM PsychoTools PresentationMM PsychoTools Presentation
MM PsychoTools Presentation
 
MG-GY-9503Final Presentation- Team-1-Kanishka Sukumar- N-15 Consultants-3
MG-GY-9503Final Presentation- Team-1-Kanishka Sukumar- N-15 Consultants-3MG-GY-9503Final Presentation- Team-1-Kanishka Sukumar- N-15 Consultants-3
MG-GY-9503Final Presentation- Team-1-Kanishka Sukumar- N-15 Consultants-3
 
Compensation & maintenance
Compensation & maintenanceCompensation & maintenance
Compensation & maintenance
 
Strategic plan 2014 2017
Strategic plan 2014 2017Strategic plan 2014 2017
Strategic plan 2014 2017
 
3 Habits of Highly Effective Pay Plans
3 Habits of Highly Effective Pay Plans3 Habits of Highly Effective Pay Plans
3 Habits of Highly Effective Pay Plans
 
Career planning, stages, and choices
Career planning, stages, and choicesCareer planning, stages, and choices
Career planning, stages, and choices
 
Webinar - Navigating Compensation Budgeting Season
Webinar - Navigating Compensation Budgeting SeasonWebinar - Navigating Compensation Budgeting Season
Webinar - Navigating Compensation Budgeting Season
 
Slideshare TRIGGER Nice May 2022.pdf
Slideshare TRIGGER Nice May 2022.pdfSlideshare TRIGGER Nice May 2022.pdf
Slideshare TRIGGER Nice May 2022.pdf
 

Recently uploaded

Call Girls in Dwarka Mor Delhi Contact Us 9654467111
Call Girls in Dwarka Mor Delhi Contact Us 9654467111Call Girls in Dwarka Mor Delhi Contact Us 9654467111
Call Girls in Dwarka Mor Delhi Contact Us 9654467111Sapana Sha
 
CARE OF CHILD IN INCUBATOR..........pptx
CARE OF CHILD IN INCUBATOR..........pptxCARE OF CHILD IN INCUBATOR..........pptx
CARE OF CHILD IN INCUBATOR..........pptxGaneshChakor2
 
The basics of sentences session 2pptx copy.pptx
The basics of sentences session 2pptx copy.pptxThe basics of sentences session 2pptx copy.pptx
The basics of sentences session 2pptx copy.pptxheathfieldcps1
 
Presiding Officer Training module 2024 lok sabha elections
Presiding Officer Training module 2024 lok sabha electionsPresiding Officer Training module 2024 lok sabha elections
Presiding Officer Training module 2024 lok sabha electionsanshu789521
 
Measures of Central Tendency: Mean, Median and Mode
Measures of Central Tendency: Mean, Median and ModeMeasures of Central Tendency: Mean, Median and Mode
Measures of Central Tendency: Mean, Median and ModeThiyagu K
 
Incoming and Outgoing Shipments in 1 STEP Using Odoo 17
Incoming and Outgoing Shipments in 1 STEP Using Odoo 17Incoming and Outgoing Shipments in 1 STEP Using Odoo 17
Incoming and Outgoing Shipments in 1 STEP Using Odoo 17Celine George
 
Alper Gobel In Media Res Media Component
Alper Gobel In Media Res Media ComponentAlper Gobel In Media Res Media Component
Alper Gobel In Media Res Media ComponentInMediaRes1
 
Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991
Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991
Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991RKavithamani
 
Solving Puzzles Benefits Everyone (English).pptx
Solving Puzzles Benefits Everyone (English).pptxSolving Puzzles Benefits Everyone (English).pptx
Solving Puzzles Benefits Everyone (English).pptxOH TEIK BIN
 
MENTAL STATUS EXAMINATION format.docx
MENTAL     STATUS EXAMINATION format.docxMENTAL     STATUS EXAMINATION format.docx
MENTAL STATUS EXAMINATION format.docxPoojaSen20
 
Paris 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activityParis 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activityGeoBlogs
 
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...EduSkills OECD
 
Crayon Activity Handout For the Crayon A
Crayon Activity Handout For the Crayon ACrayon Activity Handout For the Crayon A
Crayon Activity Handout For the Crayon AUnboundStockton
 
The Most Excellent Way | 1 Corinthians 13
The Most Excellent Way | 1 Corinthians 13The Most Excellent Way | 1 Corinthians 13
The Most Excellent Way | 1 Corinthians 13Steve Thomason
 
Sanyam Choudhary Chemistry practical.pdf
Sanyam Choudhary Chemistry practical.pdfSanyam Choudhary Chemistry practical.pdf
Sanyam Choudhary Chemistry practical.pdfsanyamsingh5019
 
Employee wellbeing at the workplace.pptx
Employee wellbeing at the workplace.pptxEmployee wellbeing at the workplace.pptx
Employee wellbeing at the workplace.pptxNirmalaLoungPoorunde1
 
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptx
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptxContemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptx
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptxRoyAbrique
 
PSYCHIATRIC History collection FORMAT.pptx
PSYCHIATRIC   History collection FORMAT.pptxPSYCHIATRIC   History collection FORMAT.pptx
PSYCHIATRIC History collection FORMAT.pptxPoojaSen20
 

Recently uploaded (20)

Call Girls in Dwarka Mor Delhi Contact Us 9654467111
Call Girls in Dwarka Mor Delhi Contact Us 9654467111Call Girls in Dwarka Mor Delhi Contact Us 9654467111
Call Girls in Dwarka Mor Delhi Contact Us 9654467111
 
CARE OF CHILD IN INCUBATOR..........pptx
CARE OF CHILD IN INCUBATOR..........pptxCARE OF CHILD IN INCUBATOR..........pptx
CARE OF CHILD IN INCUBATOR..........pptx
 
The basics of sentences session 2pptx copy.pptx
The basics of sentences session 2pptx copy.pptxThe basics of sentences session 2pptx copy.pptx
The basics of sentences session 2pptx copy.pptx
 
Presiding Officer Training module 2024 lok sabha elections
Presiding Officer Training module 2024 lok sabha electionsPresiding Officer Training module 2024 lok sabha elections
Presiding Officer Training module 2024 lok sabha elections
 
Measures of Central Tendency: Mean, Median and Mode
Measures of Central Tendency: Mean, Median and ModeMeasures of Central Tendency: Mean, Median and Mode
Measures of Central Tendency: Mean, Median and Mode
 
Model Call Girl in Bikash Puri Delhi reach out to us at 🔝9953056974🔝
Model Call Girl in Bikash Puri  Delhi reach out to us at 🔝9953056974🔝Model Call Girl in Bikash Puri  Delhi reach out to us at 🔝9953056974🔝
Model Call Girl in Bikash Puri Delhi reach out to us at 🔝9953056974🔝
 
Incoming and Outgoing Shipments in 1 STEP Using Odoo 17
Incoming and Outgoing Shipments in 1 STEP Using Odoo 17Incoming and Outgoing Shipments in 1 STEP Using Odoo 17
Incoming and Outgoing Shipments in 1 STEP Using Odoo 17
 
Alper Gobel In Media Res Media Component
Alper Gobel In Media Res Media ComponentAlper Gobel In Media Res Media Component
Alper Gobel In Media Res Media Component
 
TataKelola dan KamSiber Kecerdasan Buatan v022.pdf
TataKelola dan KamSiber Kecerdasan Buatan v022.pdfTataKelola dan KamSiber Kecerdasan Buatan v022.pdf
TataKelola dan KamSiber Kecerdasan Buatan v022.pdf
 
Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991
Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991
Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991
 
Solving Puzzles Benefits Everyone (English).pptx
Solving Puzzles Benefits Everyone (English).pptxSolving Puzzles Benefits Everyone (English).pptx
Solving Puzzles Benefits Everyone (English).pptx
 
MENTAL STATUS EXAMINATION format.docx
MENTAL     STATUS EXAMINATION format.docxMENTAL     STATUS EXAMINATION format.docx
MENTAL STATUS EXAMINATION format.docx
 
Paris 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activityParis 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activity
 
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...
 
Crayon Activity Handout For the Crayon A
Crayon Activity Handout For the Crayon ACrayon Activity Handout For the Crayon A
Crayon Activity Handout For the Crayon A
 
The Most Excellent Way | 1 Corinthians 13
The Most Excellent Way | 1 Corinthians 13The Most Excellent Way | 1 Corinthians 13
The Most Excellent Way | 1 Corinthians 13
 
Sanyam Choudhary Chemistry practical.pdf
Sanyam Choudhary Chemistry practical.pdfSanyam Choudhary Chemistry practical.pdf
Sanyam Choudhary Chemistry practical.pdf
 
Employee wellbeing at the workplace.pptx
Employee wellbeing at the workplace.pptxEmployee wellbeing at the workplace.pptx
Employee wellbeing at the workplace.pptx
 
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptx
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptxContemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptx
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptx
 
PSYCHIATRIC History collection FORMAT.pptx
PSYCHIATRIC   History collection FORMAT.pptxPSYCHIATRIC   History collection FORMAT.pptx
PSYCHIATRIC History collection FORMAT.pptx
 

Faculty Salary Proposal

  • 1. Guilford College Faculty Salary Formula Sub-committee of the 2015-16 Compensation Committee May 6, 2016
  • 2. Faculty Salary Formula Sub-committee: Who we are: Daniel Diaz Hiroko Hirakawa Christine Riley Natalya Shelkova Richie Zweigenhaft
  • 3. What do we want this formula to accomplish? Align with Guilford Values: Excellence, Diversity, Justice, Equality Create Clarity: Transparency, Predictability, Consistency Build Trust: Reduce resentments engendered by past practices
  • 4. Values Question #1: Should there be a salary differential based on academic discipline? Values Dilemma: Excellence vs. Equality/Justice [all work is equally valued]
  • 5. Intentional Salary Difference by Discipline Pros: ● Consistent with our value of Excellence ● Recruit credentialed faculty in high demand fields - fewer people available for those positions ● Recruit excellent faculty in all fields Cons: ● Not consistent with Guilford values of Equality and Justice. ● Does not honor all faculty work equally. ● Perpetuates and privileges the gender, race, and other biases current reflected within the market.
  • 6. Values Question #2: Should our desire to truly value diversity be reflected in our salary model? Values Dilemma: Diversity vs. Equality [all work is equally valued]
  • 7. Intentional Salary Difference to Enhance Diversity Pros: ● Allows us to compete with other colleges to hire faculty from diverse backgrounds - some are in great demand [consistent with our value of Diversity & Excellence] ● Recognizes the additional burden that some faculty bear in mentoring students, and other unacknowledged workload issues ● May help balance out the bias and discrimination that is built into the employment market Cons: ● Does not equally value all faculty work [works against our value of Equality] ● It’s questionable whether it is legal - courts have gone both ways ● Defining diversity for this purpose, and deciding what attributes we will privilege, is a deeply troubling and complex matter. It would be very easy to get this wrong.
  • 8. DRAFT Faculty Salary Equity Formula + + + = Base Pay Per Rank Terminal Degree Discipline Premium [market] Phase Out Credit for Years of Experience TARGET SALARY
  • 9. DRAFT Faculty Salary Equity Formula RANK Instructor Assistant Associate Professor BASE $45,000 $52,000 $63,000 $80,000 DEGREE $5,000 $5,000 $5,000 $5,000 DISCIPLIN E [Market] % of $15,000 Phase out over time CREDIT FOR EXPER- IENCE $200 per year = TARGET SALARY [Equity] + Other options: * Cost of Living Increase * Merit Increase * Endowed professorship * Diversity considerations
  • 10. Market Factors by Discipline* - Example Market Factor = $15,000 Disciplines: % Market Factor Added to Base Salary Humanities/ Social Sciences/ Education Arts / Peace Studies / etc. 0% $ 0 Criminal Justice/ Geology / Some Foreign Languages / Some subdisciplines in Math / Economics, etc. 35% $ 5,250 Chemistry / Health Sciences Sport Sciences, etc. 50% $ 7,500 Business Management 70% $10,500 Accounting, Computer Science, Network Security 100% $15,000
  • 11. Crediting Prior Experience* Example Years of credited experience = 100% College teaching, full-time 75% Related professional experience 60% High School / other FT teaching 40% Teaching Assistant/Graduate Assistant teaching
  • 12. Example #1: Target Salary Calculations Sarah Second year as Assistant Professor in Guilford's Chemistry Department. Came to Guilford with: 2 years of high school teaching 3 years of Graduate Assistant teaching during her doctoral program at a research university 4 years as research chemist 1 year as a professional journalist
  • 13. Example #2: Target Salary Calculations Donald In his 4th year as Associate Professor of English (6 years as Assistant Professor). Came to Guilford with: 3 years teaching one course per semester in graduate school. He was responsible for developing the syllabus, doing his own grading, advising students and serving on committees. 5 years teaching English full-time at community college before starting his doctoral program.
  • 15. The Dickinson College Salary Model The Values reflected in the Dickinson College salary model closely align with Guilford College values. All faculty are paid on the same basis, regardless of discipline [mostly] Faculty are involved in the setting of parameters and considering exceptions Our Goal is to pay all faculty based on the same criteria.
  • 16. Why would we not do this immediately? 1. Dickinson pays all faculty very well • 85-90% percentile of AAUP salaries 1. They’ve been doing this for over 40 years 1. There is an option for $5k for market pressure in 3 specific disciplines We have to start somewhere…..
  • 17. “Phase Out Market Factor Over Time” 1. Reduce Market Factor incrementally each year, as we move all salaries toward their targets. 1. Set a goal to eliminate the market factor within 6-8 years
  • 18. “Phase Out Market Factor Over Time”
  • 19. Implementation - The proverbial devil is in the details Once the Formula is established: 1. Create a FACULTY COMMITTEE to guide implementation and administration. 2. Create a TARGET SALARY for each current faculty member. SHARE it with them. Everyone should know their target and how it was determined. 3. Determine the COST of full implementation and estimate time to achieve it. 4. Establish a set of PRIORITIES for implementation based on Compensation Philosophy. 5. PHASE OUT salary increment based on academic discipline over time.
  • 22. Hold these next 2 slides in case we need to refer to them
  • 23. Implementation, continued NEW FACULTY: • Hire at a rate that is equitable within their Guilford department [not their Target Salary] • Share Faculty Salary Equity Model with all incoming faculty so they know what to expect. • Provide new faculty with their Target Salary so they know what we are aiming for. • Move them toward their Target Salary in the same way as all other Guilford faculty.

Editor's Notes

  1. Christine
  2. All
  3. Christine
  4. Daniel
  5. Daniel
  6. Hiroko
  7. Hiroko
  8. Richie
  9. Richie
  10. Richie
  11. Richie
  12. Natalya
  13. natalya
  14. Christine - “Late in our process, we learned about one college that has successfully balanced both market and equity”
  15. Christine
  16. Christine
  17. Natalya
  18. Natalya
  19. Hiroko