Faculty Market-Based Compensation
In Fall 2015 President Staben announced the goal to increase employee salaries to 100% of market (on average) by 2025, accompanied by a charge to develop and deploy a data-driven, objective and transparent market-based compensation system. The Faculty Compensation Task Force was created in October 2016 to develop a salary model. It was first implemented during a mid-year salary adjustment in December 2017 and during the CEC salary increases for FY19.
See the Market-Based Compensation FAQ (PDF) for more information.