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Faculty Market Equity Presentation Slides ( December 6, 2011 )
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Permanent Link: http://ufdc.ufl.edu/AA00004596/00007
 Material Information
Title: Faculty Market Equity Presentation Slides ( December 6, 2011 )
Physical Description: Presentation slides
Language: English
Creator: Keith, Brian W.
Simpson, Betsy
Publisher: UF Libraries
Place of Publication: Gainesville, FL
Publication Date: 12/6/2011
 Notes
Abstract: Presentation slides for presentation on 12/6/2011 on UF Faculty Market Equity. Handout accompanies presentation and for the handout, pages 3-9 are from the 2009-2010 ARL Salary Survey.
 Record Information
Source Institution: University of Florida
Holding Location: University of Florida
Rights Management: All rights reserved by the source institution.
System ID: AA00004596:00007

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PAGE 1

Library Faculty Market Equity –Nuts and Bolts -Welcome -Betsy Simpson Chair, Cataloging and Metadata University of Florida George A. Smathers Libraries Brian W. Keith Assistant Dean for Financial and Human Resources University of Florida George A. Smathers LibrariesDecember 6, 2011

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Agenda•Background and Vocabulary •Current Plans •ARL Salary Survey •Salary Structure (External Linkage) •Compensable Factors (Internal Equity) •Application (Examples) •Implications

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•Joint Committee formed 2008 •Charge: Establish a market equity design with an internally and externally equitable salary structure Establish process for individual faculty to apply for market equity adjustment • Final report submitted March 2009 Background

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Salary structure External market equity Internal equity Definitions

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“Faculty Market Equity Plan” (11/21/11 UFLFA meeting) See:“Basis for Salary Data” “Application of Salary Data” “Additional Adjustments Related to Performance and Eligibility” Current plans

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Overview Issues Tables of specific interest Analysis Findings Conclusions ARL Salary Survey

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Comprehensive Longitudinal Benchmark ARL Salary Survey Overview

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Recommended source for national averages Peer institutions Large data pool Position specific data Updated annually Includes law and health ARL Salary Survey Overview

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Tables are numerous but statistics and tables are limited for our purposes Definitions of job “codes” are imperfectSee: Job Code Section (pages 4 and 5) of ARL ANNUAL SALARY SURVEY 2009-2010, University Library Questionnaire, GENERAL AND DATA INPUT (EXCEL) INSTRUCTIONS ARL Salary Survey Issues

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Table 20: average salaries by position and years of experience Table 25: average salaries by position and geographic region Table 26: average salaries of US librarians by position and years of experience Figure 5: average salaries for Functional Specialists ARL Salary Survey Tables

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First: Weighted average A weighted average differs from a regular average because its calculation is affected by volume Analysis

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First: Weighted average Example of Application: What is the average salary for a Chemistry Librarian? Analysis Years of Experience Chemistry Librarians Average Salary 0 52$50,000 6 1014$60,000 11 151$70,000

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First: Weighted average Example of Application: What is the average salary for a Chemistry Librarian? Analysis Years of Experience Chemistry Librarians Average Salary Total Salaries 0 52$50,000 $100,000 6 1014$60,000 $840,000 11 151$70,000 $70,000

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First: Weighted average Example of Application: What is the average salary for a Chemistry Librarian? Analysis Years of Experience Chemistry Librarians Average Salary Total Salaries 0 52$50,000$100,000 6 1014$60,000$840,000 11 151$70,000$70,000 total 17 total $1,010,000

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First: Weighted average Example of Application: What is the average salary for a Chemistry Librarian? Analysis Years of Experience Chemistry Librarians Average Salary Total Salaries 0 52$50,000$100,000 6 1014$60,000$840,000 11 151$70,000$70,000 total17total$1,010,000 Weighted Average = Total Salaries / total Librarians or $1,010,000 / 17 or $59,412

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First: Weighted average Example of Application: What is the average salary for a Chemistry Librarian? Answer: $59,412 Analysis

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Reference:All calculations used in Market Equity are reflected in the spreadsheet posted at http://www.ufdc.ufl.edu/AA00004596/00002 Analysis

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Comparison of institution types (Public v. Private) and regions Required establishment of ‘core librarian’ positions See: “Calc of Regional Factor” Analysis

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Calculation of average salaries for subject specialist, reference, public services, catalogers and technical services See: “WAVG for TS, Cat., & SS-Ref-PS” Analysis

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Average salaries for functional specialist provided in Figure 5 See: “AVG for FUNCTSPEC” Analysis

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Establish years of experience and job type midpoints See: “Calc of Exp Factors” Analysis

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1.Variations exist between, regions and type of entity 2.Years of experience is a stable predictor of salary 3.Average salaries vary significantly by job type See: “Combined Midpoints” 4.Medical positions Findings

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External equity based on: •Job type •Geographic region •Years of experience Conclusion

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Establish peers Public v. private Region Establish job type midpoints Validate experience and address faculty ranksSee: “Faculty Salary Structure After Market Equity” Salary Structure (External Linkage)

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First: Explain compensable factors Compensable Factors (Internal Equity)

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Special requirements of the position Administrative SKA Educational credentials Performance (inclusion of past merit & qualifiers) Compensable Factors (Internal Equity)

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EXAMPLESSee: “Examples of Salary Calculation” Application

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Total eligible: 76 faculty • 49 (64%) targeted to receive raise• 41 will receive raise beyond 3% ATB to achieve market equity • 8 at or above market equity as a result of the 3% ATB • 7 faculty capped at 18% • 7 faculty capped at 9%• 19 (25%) already at or above market equity • 8 (11%) do not meet minimum requirement Results

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Final approval received fall 2011 Roll-out across three fiscal years: December 2011 July 2012 July 2013 Limited to overall salary increases total $60,000/year Implementation Plan

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University Libraries$169,822 (salaries) + 45,682 (benefits) $215,504 (total) Health Science Center Library $14,035 (salaries) + 3,775(benefits) $17,810 (total) Implementation Cost

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Decrease compression Transparent Increase minimum (base) salaries and vary by job type Usable by faculty market equity review committee Implications

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Questions?

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-Thank you -Betsy Simpson Chair, Cataloging and Metadata University of Florida George A. Smathers Libraries Brian W. Keith Assistant Dean for Financial and Human Resources University of Florida George A. Smathers Libraries