Loading...

Academic Salary and Market Adjustment Guidelines

Academic Salary and Market Adjustment Guidelines

By FOX 47 News . CREATED Oct 10, 2013

The MSU Board of Trustees approved salary increases for non-union faculty and academic staff of 1.50 percent for general merit and 0.75 percent for college market adjustments. Additionally, 0.50 percent was approved for the university-wide market pool for market adjustments for non-union faculty and academic staff. The central market pool, to be administered by the Office of the Provost, is targeted primarily for ranked faculty, but open to all faculty and academic staff. As in past years, guidelines for the university-wide market pool will be distributed separately. Read more here.

The 2013-14 budget also includes a provision for a 0.50-percent market salary adjustment targeted for ranked faculty but open to all faculty and academic staff not subject to collective bargaining. The market increments became effective Oct. 1. The intent of this program is to recognize highly marketable ranked faculty and academic staff in a timely manner and, in so doing, encourage long-term commitment to this university within the context of an increasingly competitive national market. Read more here.

As negotiated in the collective bargaining agreement, a 2 percent general merit pool has been approved for the UNTF effort for those in the Union of Non-tenure Track Faculty bargaining unit on Oct. 1. Increases became effective on Oct. 1. Read more here.

PRESS RELEASE: MSUTODAY