Salary Proposal Fall 2015 Marian University Faculty Senate
- Slides: 6
Salary Proposal Fall 2015 Marian University Faculty Senate
Peer Group Comparison Data (Gross Salary in Thousands)) Rank 1 2 3 4 5 6 7 8 9 10 11 12 School John Carroll U North Central College Aurora U Saint Xavier U Dominican U Franciscan U-Steubenville College of Mount St. Joseph Marian U Malone U Marygrove College Siena Heights U Spring Arbor U Median = 63. 4 Salary Average 77. 2 76. 5 70. 2 69. 7 69. 0 67. 1 59. 7 58. 7 57. 0 56. 9 51. 4 50. 9
Peer Group Comparison Data (Total Compensation - Salary and Benefits) Rank School Compensation Avg. 1 2 3 4 5 6 7 8 9 10 11 12 John Carroll U North Central College Franciscan U-Steubenville Dominican U Aurora U Saint Xavier U Malone U College of Mount St. Joseph Marian U Spring Arbor U Siena Heights U Marygrove College Median = 86. 35 103. 6 99. 0 97. 9 90. 9 86. 6 84. 7 80. 8 75. 7 75. 6 72. 4 70. 3 68. 1
Peer Group Comparison Data (Total Compensation As a Percent of Salary) Rank 1 2 3 4 5 6 7 8 9 10 11 12 School Percent of Salary Franciscan U-Steubenville Spring Arbor U Malone U Siena Heights U John Carroll U Dominican U North Central College Marian U College of Mount St. Joseph Aurora U Saint Xavier U Marygrove College Median = 30. 55% 45. 0% 42. 4% 41. 7% 36. 9% 34. 3% 31. 8% 29. 3% 28. 9% 26. 9% 23. 3% 21. 6% 19. 8%
Implications Marian is below the median for our peer group in all categories A zero percent raise and 4. 5% reduction in retirement contributions, erodes our relative standing even further
Proposal We find the following proposal to be both reasonable and conservative Salary increase of 2. 0% for all faculty Restoration of part of the retirement contribution from 0. 5% to 2. 0%, with a plan to get back to a 5% contribution level Maintain all other benefits at current levels (no reductions)