Tag Archives: Salary/Economic Benefits

No Increases for Mid-Level Pay

Posted on March 23, 2010 by | Comments Off on No Increases for Mid-Level Pay

Inside Higher Ed: No Increases for Mid-Level Pay

The median raise for mid-level administrators — across job categories — was no raise at all in 2009-10, according to an analysis being released today by the College and University Professional Association for Human Resources.

This is the first time in the 12 years that CUPA-HR has been conducting the survey that there was no increase. However, the results are not surprising, given that recent reports by the association have found no median increases in salaries for either senior administrators or faculty members.

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Salaries Fell for 32.6% of Faculty

Posted on March 9, 2010 by | Comments Off on Salaries Fell for 32.6% of Faculty

Inside Higher Ed: Salaries Fell for 32.6% of Faculty

The median salary change for faculty members in 2009-10 was 0 percent — and for many professors, no change would have been better than the decreases they experienced.

The figures on faculty salaries come from the College and University Professional Association for Human Resources, which is today releasing its annual report on faculty salaries. The CUPA-HR report focuses on overall trends and disciplinary averages. The American Association of University Professors, which is due to issue its report next month, also releases institution-by-institution information

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Average Faculty Salaries by Field and Rank at 4-Year Colleges and Universities, 2009-10

Posted on March 9, 2010 by | Comments Off on Average Faculty Salaries by Field and Rank at 4-Year Colleges and Universities, 2009-10

The Chronicle: Average Faculty Salaries by Field and Rank at 4-Year Colleges and Universities, 2009-10

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One-Third of Faculty Members See Dip in Their Salaries

Posted on March 9, 2010 by | Comments Off on One-Third of Faculty Members See Dip in Their Salaries

The Chronicle: One-Third of Faculty Members See Dip in Their Salaries

More than a third of all college faculty members took a pay cut during 2009-10, and overall faculty pay showed no salary increase, according to a report released this week. The results are in contrast to those in the recent past, when professors’ pay increased nearly 4 percent per year.

The College and University Professional Association for Human Resources, which conducts the annual survey, says only faculty members at private doctoral institutions saw a salary increase of any significance, and it was about 1.7 percent, on average.

The association collected data from more than 200,000 faculty members and 4,000 researchers for the period September 2009 to January 2010. Overall faculty pay showed no growth since last year, compared with average growth of 3.7 percent in 2008-9 and 4 percent in 2007-8.

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Flat Salaries for Senior Officials

Posted on February 22, 2010 by | Comments Off on Flat Salaries for Senior Officials

Inside Higher Ed: Flat Salaries for Senior Officials

The median raise for senior administrators at colleges and universities for 2009-10 is no raise at all — 0 percent — according to a survey being released today by the College and University Professional Association for Human Resources.

Last year’s median raise was 4 percent, but in some respects the two years were similar: In both, the median raise modestly outpaced the inflation rate (which for the most recent year was slightly negative).

By sector and job category the lack of salary increase was almost across the board. The only category of institution with a median increase was private associate degree institutions (a very small part of the two-year college sector), with a median of 2.5 percent. The only job category showing an increase was assistant deans, and only at private colleges, which reported a median salary increase for deans of 1.1 percent.

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RPI Prez No. 8 in Corporate Board Pay

Posted on February 15, 2010 by | Comments Off on RPI Prez No. 8 in Corporate Board Pay

Bloomberg: Sarbanes-Oxley Lifts Some Directors’ Pay Higher Than $1 Million

Feb. 12 (Bloomberg) — The Great Recession hasn’t stopped pay increases for company boards. According to compensation consultants Pearl Meyer & Partners, the typical director of a large corporation made $216,000 last year, up from $129,667 in 2003…

Shirley Ann Jackson 2008 board pay: $1,346,648 (Public Service Enterprise Group, $213,110; NYSE Euronext, $225,016; Medtronic, $193,275; FedEx, $210,548; IBM, $229,699; Marathon Oil, $275,000) Jackson’s day job is pretty lucrative, too. As president of Rensselaer Polytechnic Institute, she was paid $1.6 million in 2008. She was unavailable for comment.

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Paychecks Stagnate for Presidents of Many Public Universities

Posted on January 19, 2010 by | Comments Off on Paychecks Stagnate for Presidents of Many Public Universities

The Chronicle: Paychecks Stagnate for Presidents of Many Public Universities

The bad economy is putting the brakes on pay increases for public-university leaders. Base salaries stopped growing last year for more than one-third of the 185 public-university chief executives included in a new Chronicle survey, while 10 percent of those top leaders experienced a decline in total compensation. Many of the cuts came from voluntary reductions in pay and benefits as the economy whittled away at campus budgets.

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U of North Carolina cuts strings on golden parachutes for top administrators

Posted on January 11, 2010 by | Comments Off on U of North Carolina cuts strings on golden parachutes for top administrators

Charlotte Observer: UNC system clamps down on leave pay

Chancellors had been taking long leaves at full salary, and then retiring or taking new jobs.

CHAPEL HILL The UNC Board of Governors has revised a policy that spent hundreds of thousands of dollars on UNC administrators who were supposed to return to teaching but instead retired, took other jobs or were eased out of their jobs.

Campus chancellors – and the UNC system president – will now get a six-month leave after stepping down at a salary comparable to what other faculty members in their academic departments earn. Previously, the “retreat rights” policy allowed a year of leave at the full administrative salary.

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Montgomery College president ran up $65,000 in expenses

Posted on December 23, 2009 by | Comments Off on Montgomery College president ran up $65,000 in expenses

Washington Post: Montgomery College president ran up $65,000 in expenses

Brian K. Johnson, accused by faculty leaders of excessive spending while president of Montgomery College, reported about $65,000 in airfare, lodgings, meals and other work-related expenses in the two full fiscal years he was on the job, according to financial documents released by the school under public records laws.

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Ranks of millionaire college presidents up again

Posted on November 8, 2009 by | Comments Off on Ranks of millionaire college presidents up again

AP: Ranks of millionaire college presidents up again

The fast-growing group of millionaire private college and university presidents hit a new record in recent years, and it’s likely more college leaders will make seven-figure salaries once the slumping economy rebounds.

A record 23 presidents received more than $1 million in total compensation in fiscal 2008, according to an analysis of the most recently available data published Monday by the Chronicle of Higher Education. A record one in four in the study of 419 colleges’ mandatory IRS filings made at least $500,000.

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Paychecks Top More Than $1-Million for 23 Private-College Presidents

Posted on November 2, 2009 by | Comments Off on Paychecks Top More Than $1-Million for 23 Private-College Presidents

The Chronicle: Paychecks Top More Than $1-Million for 23 Private-College Presidents
Rensselaer’s chief tops the list at nearly $1.6-million

Shirley Ann Jackson had big plans when she was hired as president of Rensselaer Polytechnic Institute a decade ago. Shovels hit the ground soon after as part of a wide-ranging strategic plan that she directed. Ms. Jackson’s compensation matched her ambition, and just two years into her presidency she was the highest-paid private-college chief.

Now, after a decade on the job, she’s back on top again with a pay package of $1,598,247 for the 2007-8 fiscal year, the most recent data

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University of Louisville Foundation makes secret $1.9 million payment to U of L president

Posted on October 27, 2009 by | Comments Off on University of Louisville Foundation makes secret $1.9 million payment to U of L president

Herald-Leader: Ramsey’s $1.9 million

University of Louisville officials should provide a better explanation of the $1.9 million paid to President James R. Ramsey in 2007.

The payment might never have come to light if Herald-Leader reporter Ryan Alessi hadn’t stumbled across it while reviewing IRS filings by the University of Louisville Foundation.

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U of C president denies ‘lack of transparency’ on pension payout

Posted on October 19, 2009 by | Comments Off on U of C president denies ‘lack of transparency’ on pension payout

Calgary Herald: U of C president denies ‘lack of transparency’ on pension payout

$4.75 million pension payout

CALGARY – Faced with mounting anger over his multimillion-dollar pension payout –and a call from within the ranks of the board of governors on Thursday to account to the community over the contract–University of Calgary president Harvey Weingarten denied the claims of lack of transparency around the issue.

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UHawaii faculty rejects 5% pay cut

Posted on October 18, 2009 by | Comments Off on UHawaii faculty rejects 5% pay cut

Pacific Business News: UH faculty rejects 5% pay cut

University of Hawaii professors have rejected a proposed five percent pay cut and will instead make their own proposal on how the university can save money.

The University of Hawaii Professional Assembly, which represents 3,200 UH faculty members, said 86 percent of its members voted this week to reject the offer.

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U of C Faculty calls president’s pension ‘obscene’

Posted on October 15, 2009 by | Comments Off on U of C Faculty calls president’s pension ‘obscene’

CBC: Faculty calls president’s pension ‘obscene’

The outgoing University of Calgary’s president’s $4.5-million pension is “obscene,” says the faculty association in an open letter to the board of governors.

Harvey Weingarten’s controversial pension package, recently reviewed by Alberta Auditor General Fred Dunn, was the subject of a letter Wednesday from association president Anne Stalker.

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Kent State U. Says It Will Pay Bonuses to About 800 Professors

Posted on October 14, 2009 by | Comments Off on Kent State U. Says It Will Pay Bonuses to About 800 Professors

The Chronicle: Kent State U. Says It Will Pay Bonuses to About 800 Professors

In a year when many college employees are going without raises or worse, more than 800 lucky faculty members at Kent State University will get cash bonuses, the result of an experimental incentive program the university started last year.

The bonuses are financed by a “shared success pool” based on how Kent State performs in three areas of strategic importance: freshman retention, external research support, and fund raising.

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Va. Lawmaker Takes Job at William and Mary After Sponsoring $20-Million Deal

Posted on October 13, 2009 by | Comments Off on Va. Lawmaker Takes Job at William and Mary After Sponsoring $20-Million Deal

Daily Press: Sen. Tommy Norment wearing two hats for W&M: well-paid employee and powerful advocate in the General Assembly

WILLIAMSBURG – On July 1, 2008, state Sen. Tommy Norment boosted his state paycheck nearly tenfold with the stroke of a pen. That’s when he accepted a part-time faculty appointment with the College of William and Mary, his law school alma mater.

His annual salary for teaching two courses: $160,000.

That means Norment now wears two hats with regard to William and Mary: well-paid employee and powerful advocate in the General Assembly.

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Schwarzenegger Vetoes Limits on Administrators’ Pay

Posted on October 13, 2009 by | Comments Off on Schwarzenegger Vetoes Limits on Administrators’ Pay

Inside Higher Ed: Schwarzenegger Vetoes Limits on Administrators’ Pay

California Gov. Arnold Schwarzenegger on Sunday vetoed a bill that would have barred most salary increases and bonuses for executives at the University of California and California State University systems in bad budget years, such as this one. In his veto message, the governor criticized the measure as too broad and intrusive. “A blanket prohibition limiting the flexibility for the UC and CSU to compete, both nationally and internationally, in attracting and retaining high level personnel does a disservice to those students seeking the kind of quality education that our higher education segments offer. The regents and the trustees should be prudent in managing their systems, given the difficult fiscal crisis we face as a state, but it is unnecessary for the state to micromanage their operations.” The veto drew a sharp response from Sen. Leland Yee, sponsor of the bill and a leading legislative voice for closer oversight of the university systems. Yee noted that well compensated executives have continued to receive bonuses and raises even as the university systems face unprecedented budget cuts. “It is deeply disappointing that the governor wants to ensure top executives live high on the hog while students suffer,” Yee said. “The governor’s veto is a slap in the face to all UC and CSU students and the system’s low wage workers. His veto protects the UC and CSU administration’s egregious executive

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Chicago State board alters new president’s contract

Posted on September 24, 2009 by | Comments Off on Chicago State board alters new president’s contract

Chicago Tribune: Chicago State board alters new president’s contract
Move made to allow Wayne Watson to collect pension

Trustees at Chicago State University on Wednesday took steps to fix the incoming president’s contract, which violated state pension rules.

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Rutgers University faculty union approves pay raise delay to avoid layoffs, cuts

Posted on September 9, 2009 by | Comments Off on Rutgers University faculty union approves pay raise delay to avoid layoffs, cuts

Star-Ledger: Rutgers University faculty union approves pay raise delay to avoid layoffs, cuts

The Rutgers University faculty union approved an agreement with school officials Friday that staves off layoffs and other deep cuts by delaying two previously negotiated raises.

By slowing down wage increases for 4,200 union members, including professors and teaching assistants, Rutgers will spend $20 million less than initially thought over the next two years. That should help the university ride out the recession without shedding jobs. Without the deal, according to vice president of budgeting Nancy Winterbauer, the number of full-time faculty and staff positions would have fallen by 270 — 3.6 percent of the state-funded workforce. And about 450 fewer part-time lecturers would be appointed, she wrote in an e-mail.

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