Faculty salary pool to increase by 2 percent
Despite some initial skeptism as to whether the UM System would be able to afford raising the faculty salary pool by 2 percent, the Board of Curators voted to in favor.
This can be seen as a victory for Chancellor Brady Deaton, as he and Budget Director Tim Rooney told faculty in April that increasing salaries was one of the university’s biggest goals.
“We must address salaries,” Rooney said. “That is our No. 1 priority.”
The vote doesn’t increase every faculty members’ salaries, however. Increases will come from a merit-based pool and will be based on performance.
The item passed unanimously.