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Faculty Salary Compression: A Model for Response
Elizabeth A. Reilly University of Akron - School of Law Chand Midha University of Akron - Department of Statistics Thomas Calderon University of Akron - School of Accountancy Richard Steiner University of Akron - Department of Statistics December 2004 U of Akron Legal Studies Paper No. 04-09 Abstract: This paper describes a process used by The University of Akron to address salary compression. The process allocates salary adjustment resources to disciplines based on relative salary ratios derived from benchmarks. Amounts earmarked for specific disciplines are then distributed to departments for allocation to individual faculty based on merit. The process also invokes concepts of fairness and equity, and includes a component distributed to productive faculty members based on rank and experience. Outcomes, challenges, and implications of the process are examined.
Keywords: salary, equity, compression, faculty, statistics JEL Classifications: C10,D63,I20,J30,K00,K31,M41,M50,M52 Working Paper SeriesDate posted: December 10, 2004 ; Last revised: December 14, 2004Suggested CitationContact Information
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