COLLEGE OF CHARLESTON FACULTY COMPENSATION COMMITTEE Report to Faculty Senate November 5, 2013.

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Presentation transcript:

COLLEGE OF CHARLESTON FACULTY COMPENSATION COMMITTEE Report to Faculty Senate November 5, 2013

Motion for Approval of Compensation Committee Resolution to Raise Faculty Salaries College of Charleston faculty salaries will meet or exceed the mean salaries of the CUPA-HR salary peers institutionally and at each rank. The College will make every effort to achieve this goal by September, The Compensation Committee, in cooperation with all relevant administrative offices, will assess the progress being made in its annual report each spring to the Senate.

Fall 2013 Proposal for Salary Distribution Given that the College of Charleston Board of Trustees approved that 1% of our salary pool be made available to address faculty and staff market adjustments and 1% be used to address faculty and staff merit adjustments, the Faculty Compensation Committee proposes that: the market 1% be distributed to each school based on its departments’ proportions of the differential from the CUPA-HR means. any portion of the $840,000 surplus that the Board approves for faculty raises be distributed in the same manner proposed for the 1% market adjustment. This recommendation for distribution of salary adjustment funds for is made based on the data analysis for the Compensation Committee’s April 2013 resolution, approved by the Faculty Senate, to raise salaries over a period of five years to meet the CUPA-HR means of our peer institutions. The Faculty Compensation Committee requests that the data on each departments' proportion of the differential from the CUPA-HR means be made available to the associated school's dean to assist in their distribution of these funds.

Proportion of Salary Pool vs. School Percentage of Differential (October 2013)