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May 18, 2006 Salary increases should average at least 2.5 percentby Anne Krapfl Salary increases for faculty and P&S staff will average at least 2.5 percent, according to the 2007 compensation policy released last week by President Gregory Geoffroy. General Fund* units will receive funds equal to 2.5 percent of their salary bases for continuing faculty and P&S staff, to be used for salary increases. Geoffroy is encouraging unit leaders, as they are able, to reallocate funds to reach up to a 3 percent average salary increase. All such reallocations require approval at the vice president level. A faculty or P&S staff member with a satisfactory performance evaluation this year should receive a minimum salary increase of 0.83 percent, according to the policy. Increases above this level should be based on individual merit. A faculty or P&S staff member with an unsatisfactory performance evaluation should receive a salary increase less than 0.83 percent -- and a written rationale for it. In addition, Geoffroy announced $1 million in salary and benefits funds to be used to improve:
Merit increasesSalary increases for Merit employees are determined by the collective bargaining agreement between the state of Iowa and AFSCME (Association of Federal, State, County and Municipal Employees). According to the contract, Merit employees will receive a 2 percent salary increase on July 1. On an employee's anniversary date during FY07, each will receive a 4.5 percent increase, up to the maximum of his or her pay grade. Promotion increasesFaculty members promoted to full professor this year receive an additional $3,000 to their base salary. Faculty promoted to associate professor receive an added $2,500. Geoffroy noted that these increases "must not be used as substitutes" for annual salary increases. Other employee groups
*General Fund includes the General University as well as the Experiment Station, Cooperative Extension, Leopold Center, IPRT, SBDC, Research Park and the healthy livestock initiative. Non-General Fund units are auxiliary units such as residence, printing, bookstore, athletics and student health center.
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SummaryFaculty and P&S staff with satisfactory performance evaluations should receive minimum salary increases of 0.83 percent, with increases averaging at least 2.5 percent, according to the FY07 salary policy recently released by President Gregory Geoffroy. |