Revolutionizing Summer Compensation Model in the Mathematics Department
Introducing a new summer compensation model for faculty members in the Mathematics Department to address revenue loss from low enrollment classes, incorporating all university expenses, and ensuring accurate benefit costs. The model aims to provide fair compensation based on enrollment size, eliminating previous issues and enhancing faculty welfare.
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SUMMER COMPENSATION Kerry Johnson Mathematics Department Chair January 25, 2017
Low enrollment classes create revenue loss Overhead costs not accounted for Benefit costs were not accurate MAIN ISSUES WITH THE TRADITIONAL MODEL
Create a summer pay model that incorporates all university expenses (overhead/benefits) Ad Hoc Committee (Fall 2015) Faculty Welfare Committee Faculty Senate President s Council Board of Governors (Spring 2017) GOAL
Summer Compensation Comparison Salary $70K, 3 cr hr class, $173.20/cr hr tuition $8,000.00 $7,000.00 C o m p e n s a t i o n $6,000.00 $5,000.00 201560 Formula $4,000.00 New Proposal $3,000.00 $2,000.00 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Enrollment EXAMPLE 3: PAY SCALE
The new calculator eliminates revenue loss on low enrollment classes. Faculty gain 100% of the tuition revenue after overhead and benefits. Faculty teaching large enrollment classes earn 50% of the tuition after overhead and benefits. BENEFITS
