What will be the impact on salaries and benefits for 2009-10?
Employee salaries and benefits account for around 60 percent of the total annual budget. We have established a salary pool for staff and faculty of 2.9 percent. No full-time employee will receive an increase of less than $1,000. In this environment, we believe it is important to continue pursuing our stated strategic goal with regard to providing compensation competitive with peer institution and to competitors within our market. For faculty, the Lenfest Challenge provides additional funds to supplement salaries. For administrators and staff, a pool of $150,000 has been set aside to address equity issues.
