Faculty, Staff to Receive Salary Increases
New Mexico State University faculty will receive raises aimed at getting them closer to the market median of faculty members at other peer institutions. The increases are a result of the NMSU/Mercer Compensation Study.
"NMSU is committed to raising faculty salaries to a competitive level with peer institutions," said D'Anne Stuart, assistant vice president of Human Resource Services. "The faculty members furthest away from the market median will receive the largest increases. This is the initial salary distribution; our ultimate goal is to establish a salary structure that enables NMSU to retain and recruit the highest caliber faculty."
In May 2008, NMSU hired Mercer to conduct a compensation study that looked at faculty compensation primarily based on their rank and discipline. The study was completed in the fall and over the last several months a faculty advisory committee, established by the provost, recommended the formula for allocating salary increases.
The initial allocation will be distributed in the Jan. 15 paycheck with an effective date of Jan. 1, 2009.
"This has been a long process and we have had a lot of great input from faculty groups across campus," Stuart said. "While budget constraints prevent us from bringing everyone to their market median today, this is definitely a step in the right direction and we will continue to work on this initiative."
In total, 945 faculty members across all campuses were part of the NMSU/Mercer Compensation Study. Of that number, 848 (90 percent) will receive an increase. Mercer is in the process of completing its study on union and non-union staff salaries at NMSU. All regular non-union staff employees who earn an annual, full-time salary less than $50,000 and are below their market median will receive salary increases. Union staff equity adjustments will be distributed to the lowest paid employees in ascending order. Increases for staff are expected to be distributed in Feb. 2009 and will be retroactive to Jan. 1, 2009.
For more information about the NMSU/Mercer study along with a Q & A sheet, visit http://salarystudy.nmsu.edu.
Written by Scott Southward.