Faculty Compensation

Published: May 24th, 2004

Category: Memos

President Bernie Machen

I am pleased to announce a salary compensation plan designed to increase faculty pay and move the university towards greater parity with its national peers. This is the first year of a multi-year commitment to improve faculty salaries.

Under the plan, compensation for faculty will include a 4 percent merit increase on base salaries, effective July 1. Money to fund promotions is also included in this allocation. Raises for senior level faculty members under the Salary Performance Program, will be funded separately.

In addition, effective Dec. 1, every eligible faculty member on the university’s payroll July 1 and meeting their required performance standards will receive a $1000 bonus. This one time allotment will not be added to the faculty member’s base pay.

I believe it is important to recognize the tremendous effort of our faculty. Shortly after I began, I carefully reviewed the salary packages and made a commitment to make improvements in compensation that accurately reflect the quality of the university. This plan moves us in the right direction.

University staff pay increases and bonuses will be announced at a later date.

This pay increase is the largest at UF since the 1994-95 academic year, when faculty received a 4 percent pay hike. However, that increase was effective in November instead of July. The last time UF faculty members earned a 4 percent salary increase covering an entire fiscal year was 1990.

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