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Faculty: Compensation & Formulas

 

Date of Current Revision:  May 2016

Primary Responsible Officer: Manager of Academic Fiscal Affairs

 

Faculty: Compensation & Formulas

Compensation

1. Faculty Compensation Policy. The Board of Governors of the University of Central Missouri has a primary responsibility to assure that the university allocates and spends its resources to fulfill its educational mission. The main mission of the university is to provide excellent educational opportunities for UCM's students. A quality faculty body is a primary factor related to student success; therefore, this compensation policy is designed to attract and retain the most qualified faculty possible within UCM's fiscal resources. For additional information see Faculty Compensation Policy Board of Governors Policy 2.2.010.

2. Faculty Compensation Procedures. Faculty Compensation Philosophy: In order to nurture a positive attitude of trust in the faculty compensation system, we affirm that the system should encompass the characteristics of openness, transparency, honesty, and responsible stewardship. It should be equitable and efficient; provide reasonable compensation for faculty members in all disciplines; insure that appropriately qualified faculty can be employed and retained to teach in each program and discipline offered by University of Central Missouri; and reflect meritorious contributions to the university community.

Faculty compensation includes three components: base salary, market pay, and merit pay. An open transparent system encourages discussion and general agreement by current members of the department about salary offers to incoming faculty as well as the public acknowledgement of market adjustments. Finally, although we recognize there might be disciplines for which the national salary for the discipline falls below the base salary ranges proposed for Central, we affirm that in our community of scholars each and every discipline has equal importance; therefore, no individual, regardless of discipline, shall be paid below the lower limit of the range for any rank, except as specified in these procedures.

 

Revision History: III.C. Compensation

Faculty Compensation Procedures approved by President December 2002

Revisions approved by President September 2007

Revisions approved by President February 2008

Edited by Academic Affairs 2012.

Reviewed by Academic Affairs December 2014.

Edited for web links, formatting and plain language. Approved December 2015.

Edited to remove dean of The Graduate School from III.C. Section 1. 4. d. May 2016.

 

Revision History: VII.AP&R 4. Load & Compensation

Approved 2000

Edited for web links, formatting and plain language. Approved December 2015.

Removed the following content per the provost and vice president of Human Resources. "It is not permissible to hire non-exempt employees to teach courses due to federal guidelines stating overtime must be paid in addition to payment for the course." January 2017

Added hyperlinks and updated name of School of Graduate and Extended Studies. January 2017

Formulas and amounts per credit hour verified as current practice by Manager of Academic Fiscal Affairs, April 2017.

 

Revision History: Faculty: Compensation & Formulas

Previously annotated as III.C Compensation. Renamed and merged as Faculty: Compensation & Formulas for alphabetical listing, grammar and spell check, and transitioned into policy library April 2017

Previously annotated as VII.AP&R 4 Faculty Load & Compensation. Renamed and merged as Faculty:  Compensation & Formulas for alphabetical listing, grammar and spell check, and transitioned into policy library April 2017.

Non tenure language replaced with instructional faculty language to align with updated BOG 2.2.040 Faculty Classification Policy, February 2018.

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