Faculty Salary Compression: A Model for Response

37 Pages Posted: 10 Dec 2004  

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

Date Written: December 2004

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 Classification: C10,D63,I20,J30,K00,K31,M41,M50,M52

Suggested Citation

Reilly, Elizabeth A. and Midha, Chand and Calderon, Thomas and Steiner, Richard, Faculty Salary Compression: A Model for Response (December 2004). U of Akron Legal Studies Paper No. 04-09. Available at SSRN: https://ssrn.com/abstract=628005 or http://dx.doi.org/10.2139/ssrn.628005

Elizabeth A. Reilly (Contact Author)

University of Akron - School of Law ( email )

150 University Ave.
Akron, OH 44325-2901
United States
330-972-6197 (Phone)

Chand Midha

University of Akron - Department of Statistics ( email )

259 S. Broadway
Akron, OH 44325
United States

Thomas Calderon

University of Akron - School of Accountancy ( email )

United States

Richard Steiner

University of Akron - Department of Statistics ( email )

259 S. Broadway
Akron, OH 44325
United States

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