Salary Findings

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Salary Findings




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Presentations text content in Salary Findings

Slide1

Salary Findings

April 25

th

, 2011

Faculty Senate Budget Committee

Slide2

Recommendations

The University of Wyoming should compare UW faculty salaries by rank and discipline to a set of institutions

we compete

with and aspire to.

Standard comparator data includes schools that are not relevant to our mission and aspirations.

The University of Wyoming should redefine the salary benchmark used in UP3 from 50th percentile to a percent of market.

Usual data is not defined by percentiles.

Slide3

Background on comparisons

OSU survey: 115 Association of Public and Land-Grant Universities and other public institutions

To evaluate salaries UW uses

OSU average over all disciplines (at UW) vs. UW overall average.

by discipline at UW vs. department averages.

Slide4

Is OSU Data out of date?

OSU salaries used for analysis based on 2009-2010 data.

Likely not out of date.

Most public institutions are under wage freezes.

Other non-OSU surveys show :

Median salary increase for public institutions: 0% for past two years

Only new assistants at public institutions showed an increase in 2010

Private institutions: median increase 2%

Slide5

Data - Where are we?

Rank

Number of Faculty

Number of Departments

Average Salary (Average of Department Averages)

OSU Average Salary across UW Disciplines

UW% of Market*

Professors

213

53

$104,290

$114,021

91% (91%)

Associate Professors

196

56

$75,980

$81,103

96% (94%)

Assistant Professors

172

53

$66,734

$69,293

98% (96%)

Total Faculty

581

Slide6

Source: OIA data and Annual

Report on the Economic Status of

the Profession

Slide7

Salary Results

By rank, UW average salaries vary with respect to market target levels

Assistants at market target (98%)

Associates near target (96%)

Full Professors above 90% (91%)

Salary problems differ by college and discipline.

Slide8

Slide9

Slide10

Slide11

College Results

CollegeAverage % of MarketEducation100%Arts & Sciences97%Engineering95%Agriculture92%Health Sciences91%Business85%Law82%UW 93%

College results based on simple average of Department all-rank results. Department results use rank averages weighted by faculty number in each rank. to generate an all-rank % of market.

Slide12

Compression

Two types:

Rank-compression

: when a senior rank is paid less than a lower rank in a department.

No indication this occurring on campus systematically.

On average full professors earn 29% more than Associates by department.

Associates on average earn 10% more than assistants by department.

Market compression

: when senior ranks are farther from market than more junior ranks.

This exists as previously shown.

Slide13

Faculty below 90% of market

RankNumber of Departments*Number of Faculty in identified departmentsFull25 (47%)109 (19%)Associate12 (21%)36 (6%)Assistant4 (8%)18 (3%)UW reference60 departments 581

Data based on dept. average salaries vs. OSU salary by discipline

*53 departments have assistant and full professors, 56 include associates.

Slide14

Future market compression

Currently Full professors earn 29% more than associates

As current Full Professors retire and Associates are promoted with 10% increase, this differential will be eroded.

Current Full Professors are

paid lowest

relative to market despite highest pay on campus.

This will worsen unless future Full Professors are made closer to market upon promotion.

Slide15

Recommendations

UW should adopt the 20% compensation increase defined in Action Item 65 for promotion from Associate to Full as soon as possible.

Current differentials between Full and associate professor largely established with recent salary adjustments.

These will be eroded over time given current 10% promotion policy.

Slide16

Recommendations

Future UW budget requests should seek two separate salary adjustment pools every biennium.

The “

catch-up

” pool (Administrative) for promotion, special individual and faculty market, gender inequality, and compression adjustments.

The “

keep-up

” pool for increases to maintain salary purchasing power eroded by inflation, and to remain competitive with the university benchmark salary levels.

Slide17

Wyoming Cost of Living

2Q 2010Statewide: 1.9%Southeast Region: 2.6%2009 (average reading)Statewide: 1.4%Southeast Region: 1.8%2008 (average reading)Statewide: 5.3%Southeast Region: 4.4%

Source: Wyoming Economic Analysis Division

Slide18

Recommendations

The University of Wyoming should implement health insurance coverage to the domestic partners of UW faculty and staff beginning with the 2011-2012 academic year.

This maintains competitiveness with aspirational comparators.

Slide19

Benefits

Our benefits are very competitive with the schools we defined as regional competitors and aspirational comparators.

UW retirement plan equivalent to a 3% salary advantage because of low employee contribution rate required.

Domestic partner benefit has been approved but not implemented at UW.

This benefit is commonplace among relevant public institutions.

Slide20

Diff to UW% Diff to UWTax Adj % Diff to UWTax+COL Adj % Diff to UWTax+COL+Ben Adj % Diff to UWFICA % diffUniv. of Washington$96,500$17,60022.3%19.0%12.9%8.1%University of Utah$83,600$4,7006.0%-0.2%3.5%4.5%Univ. of Nebraska$87,300$8,40010.6%-0.9%7.4%4.3%UW$78,900$00.0%0.0%0.0%0.0%Colorado State Univ.$89,100$10,20012.9%6.3%2.6%-2.2%-11.9%Univ. of Arizona$89,000$10,10012.8%6.3%1.1%-2.8%Univ. of New Mexico$79,100$2000.3%-5.2%-5.4%-10.7%Utah State$70,800-$8,100-10.3%-15.7%-12.6%-11.7%Washington State$76,800-$2,100-2.7%-5.7%-10.6%-14.4%Univ. of Idaho$70,400-$8,500-10.8%-18.7%-13.7%-17.1%Univ. of Oregon$76,000-$2,900-3.7%-6.1%-16.1%-18.8%Oregon State$72,700-$6,200-7.9%-10.3%-19.9%-22.4%New Mexico State$63,100-$15,800-20.0%-24.7%-24.8%-29.0%

Adjustments Make a difference…

Source: OIA data and Various tax sources – author’s

computations. COL = cost of living, benefits adjusted for favorable UW retirement contributions. Tax adjustments include property, income and sales taxes.

Colorado State has withdrawn from Social Security.

Slide21

Other Tables

Slide22

Compression Dollars Needed(if all salaries below target were addressed)

Market Target (% of OSU)Full ProfFull+30% benefitsAssoc ProfAssoc+30% benefitsAsst. ProfAsst. + 30% benefitsTotal (including benefits)100%$2,671,637$3,473,128$885,567$1,151,237$775,088$1,007,614$5,631,97995%$1,736,545$2,257,509$410,273$533,355$466,106$605,938$3,396,80290%$985,465$1,281,105$204,176$265,429$303,932$395,112$1,941,646

Based on OSU tables 2009-2010 average salaries by discipline and rank, and 2010 UW salary data

Table computed using the difference between the OSU average and the reported average salary by rank, by department. This average difference was multiplied by the faculty in the associated department and these department totals were summed across departments whose average salaries were below the OSU target indicated.

Assistants are dominated by three departments (Management and Marketing, Finance and Accounting) below 90%, three of which include 15 professors. Cost to adjust just these faculty would be $301,554 before benefits adjustment. The fourth department is statistics below 90% but cost to adjust the three faculty in this department is $2,378 before benefits

Slide23

Faculties below 95% and 100% of market

Departments 100% of market95% of Market90% of MarketNumber of Departments below market average 29164Number of Departments at or above market average243749Proportion of Total below 55%30%8.1%Lowest vs. Market comparator*74% of market (1)110% of market (2)Highest vs. Market comparator*Number of Departments at market4 at 100%2 at 95%4 at 90%

Assistant Professors data based on dept. average salaries vs. OSU salary by discipline

* Number of departments reporting this average level to market

Slide24

Faculties below 95% and 100% of market

Departments 100% of market95% of Market90% of MarketNumber of Departments below market average 362612Number of Departments at or above market average203045Proportion of Total below 64%46%21%Lowest vs. Market comparator*81% of market (1)118% of market (1)Highest vs. Market comparator*Number of Departments at market4 at 100%1 at 95%4 at 90%

Associate Professors data based on dept average salaries vs. OSU salary by discipline

* Number of departments reporting this average level to market

Slide25

Faculties below 95% and 100% of market

Departments 100% of market95% of Market90% of MarketNumber of Departments below market average 403525Number of Departments at or above market average131828Proportion of Total below 75%66%47%Lowest vs. Market comparator*62% of market (1)118% of market (1)Highest vs. Market comparator*Number of Departments at market2 at 101%1 at 95%1 at 90%

Full Professors data based on dept average salaries vs. OSU salary by discipline

* Number of departments reporting this average level to market

Slide26

Quartile Analysis by Department

Departments Number of FacultyAverage % of marketMaximum % of market(number of faculty)Minimum % of market (number of faculty)Bottom quartile 4777%81% (5)62% (1)26%-50%6486%91% (1)81% (5)51-75%5594%99% (4)92% (5)Top: 76%-100%50108%118% (3)101% (10)

Full Professors data based on dept average salaries vs. OSU salary by discipline

Quartiles defined by Department % of Market

Slide27

Quartile Analysis by Department

Departments Number of FacultyAverage % of marketMaximum % of market(number of faculty)Minimum % of market (number of faculty)Bottom quartile 4187%90% (3)81% (2)26%-50%5392%96% (4)90% (3)51-75%6399%101% (1)96% (10)Top: 76%-100%44106%118% (2)101% (3)

Associate Professors data based on dept average salaries vs. OSU salary by discipline

Quartiles defined by Department % of Market

Slide28

Quartile Analysis by Department

Departments Number of FacultyAverage % of marketMaximum % of market(number of faculty)Minimum % of market (number of faculty)Bottom quartile 3688%94% (1)74% (8)26%-50%5496%99% (7)94% (5)51-75%40101%103% (2)99% (3)Top: 76%-100%48106%110% (1) 103% (3)

Assistant Professors data based on dept average salaries vs. OSU salary by discipline

Quartiles defined by Department % of Market


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