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May 25, 2005 Faculty, P&S salary increases will average 3 percentby Anne Krapfl Salary increases for continuing faculty and P&S employees will average 3 percent in the fiscal year that begins July 1. On the heels of a late adjournment of the Iowa Legislature, President Gregory Geoffroy announced May 23 the FY06 compensation policy and implementation guidelines. "Hiring and retaining excellent faculty and staff remains my top priority," Geoffroy said. "To do that, we must improve the competitiveness of our salaries, and that is the highest priority for use of our new revenues." The salary policy covers employees paid from ISU's general fund (this includes the general university, Ag Experiment Station, Cooperative Extension, Institute for Physical Research and Technology, Leopold Center, Small Business Development Center, Research Park and healthy livestock research initiative), although non-general fund units also are expected to award salary increases based on the policy. General fund units will receive funds equal to 3 percent of their (continuing and filled) employee salaries. With approval from their vice president, units may reallocate to create more dollars available for salary increases. The total amount reallocated for this purpose cannot exceed 1 percent of the unit's salary base. Faculty with satisfactory job evaluations will receive a minimum 1 percent increase, with increases above this level based on individual merit. P&S staff with satisfactory job evaluations will receive a minimum increase of 1 percent of the salary midpoint in their pay grades, with increases above that figure based on individual merit. The chart below lists minimum salary increase for satisfactory performance.
Faculty and P&S staff with unsatisfactory job evaluations will receive increases below the 1 percent thresholds and must receive a written rationale for the decision. Geoffroy's salary policy memo also indicates that:
Merit employee increasesIowa State will follow the terms of the collective bargaining agreement between the state and AFSCME for merit employees covered by the contract. Under that contract, on their employment anniversary dates in FY06, merit employees will receive salary increases of 4.5 percent, not to exceed the maximums of their pay grades. On April 1, 2006, the pay grade maximums will be adjusted up by 2.5 percent. All merit employees at the top of their pay grades on April 1 will receive 2.5 percent increases. |