Meeting of the
BOARD OF GOVERNORS
November 14, 2002
Agenda Item No. 7
FACULTY SALARY POLICY UPDATE
The Guidelines adopted by the Policy Commission relating to salary increases require that, effective July 1, 2004 (FY ¹05), faculty salary increases must be based primarily on Merit Pay. In order to implement a merit pay policy fairly, it is important that the covered employees be advised of the criteria and processes by which ³merit² will be assessed, prior to the beginning of the period of observation.
At the current time, the College conducts annual evaluations of continuing faculty for a time frame from April 1 to March 31 of each year. This allows the evaluation process to conclude near May 1, just before the end of the academic year. It is therefore desirable for the Board to establish the Faculty Salary Policy (which will include a merit component) as close to April 1 as is reasonably achievable.
To the end that a merit-based salary policy be developed in a timely fashion, the President has given notice that a salary policy is under continuing review and the Faculty Senate has a committee working to produce a draft policy for the President¹s review by mid-spring. It is anticipated that the FY ¹05 Faculty Salary Policy will be presented for review by the Board in that time-frame.