DENTON — In
a move to attract and retain the best possible employees, the Texas Woman’s
University Board of Regents approved faculty and staff raises and established
minimum faculty salaries during their Aug. 29 meeting because Texas Woman’s
University had fallen behind other area institutions of higher education when
it comes to faculty and staff salaries.
The raises are necessary,
as a recent faculty salary survey found that the average professor at TWU
earns nearly $17,000 less than the average professor at the University of
North Texas or at the University of Texas at Arlington. A separate staff salary
survey found that many TWU staff also are paid below market.
TWU faculty who hold
the rank of professor will receive a 10 percent salary increase. Associate
and assistant professors, instructors, clinical faculty and lecturers will
receive increases of 6 percent. Faculty whose first academic year with TWU
begins on Sept. 1, 2003 will receive a 2 percent increase.
The regents also approved minimum salaries for professors at $55,000, $50,000 for associate professors and $45,000 for assistant professors, which are still below market for these positions, as shown by the survey.
University staff hired
before March 1 will receive a 3 percent salary increase, and more than 80
professional and administrative staff also will receive market adjustments
to their salaries. The regents earmarked $482,000 for these market increases.
The staff salary survey,
comparing pay at TWU to the University of Texas at Dallas, University of Texas
at Arlington, University of North Texas and University of Houston, indicated
many TWU professional and administrative staff are paid well below market
level. The same study determined that $1.4 million is needed to bring all
those positions up to market. Using the $482,000 available, salaries for the
80-plus positions will be adjusted by approximately 33 percent of the amount
needed to bring them to market level.
The total cost for
all faculty and staff salary increases, including benefits, is $3.49 million
— $2.8 million of which will be paid for with TWU reserve funds.
The regents also extended
Chancellor and President Dr. Ann Stuart’s contract through Sept. 1,
2007. She also will receive a market adjustment to her salary.
Stuart’s leadership has been outstanding and it only makes good management
sense to extend her contract. She is the driving force behind so many of our
successful initiatives,” said Dr. Linda Loveless Hughes, presiding officer
and chair of the board of regents.
For Further Information Contact:
Carolyn Barnes or Roy Kron
Tel: (940) 898-3456