Wake Forest president announces salary increase recommendations for faculty, staff
March 2, 2007
Wake Forest University President Nathan O. Hatch announced 2007-2008 salary increase recommendations March 2 for faculty and staff on the university’s Reynolda Campus.
Hatch announced the increases in letters distributed by e-mail to faculty and staff.
The base salary pool for College and Calloway School of Business and Accountancy faculty and staff will rise by 3 percent.
In addition, Hatch will recommend to the trustees an additional permanent increase of 7 percent to the faculty salary pool for the College and the Calloway School. As a result, new funds available for faculty salaries in those academic units of the university will increase by a total of 10 percent for 2007-2008.
Due to a renewed emphasis on merit salary awards, not every faculty member should expect a certain percentage increase, according to Hatch. Actual increases for faculty will vary.
Hatch also expressed concern for improving salaries for assistant professors.
“With regard to faculty increases, we must consider carefully those in the assistant professor ranks, where the greatest salary disparity exists between Wake Forest and a group of peer institutions,” Hatch wrote.
Hatch added that he has encouraged Dean of the College Deborah Best “to give special consideration to those departments whose salaries lag furthest from their peers at other institutions.”
Staff salary increases beyond the 3 percent pool enlargement will take two forms.
Those now working at the minimum rate of $8.50 per hour will receive a 13 percent increase, to $9.62. In addition, the recommendation will include “adjustments for the members of our hourly staff based on length of service, thus recognizing their dedication to Wake Forest.”
Hatch added that more than 500 of non-exempt staff will receive increases in their hourly compensation ranging from 4 percent to 13 percent.
Referring to the minimum rate increase, Hatch wrote that the “change underscores our commitment to the needs of our lowest-paid staff members.”
Hatch also announced that the university will be studying the way in which it budgets for future staff increases. He noted that the university competes nationally for faculty and some staff positions, while it competes locally and regionally for other staff positions. After the study, the human resources director will make recommendations for benchmarking staff salaries.
The Wake Forest Board of Trustees will consider these recommendations at its March 29 -30 meeting, and changes would go into effect July 1.
The president’s announcement does not apply to the university’s professional schools. Salary increases in the university’s professional schools are set by their deans, and those deans will be communicating with their respective staff and faculty members.