College Employees Make Good Grades, Earn Higher Pay
Salary increases for employees were the norm at U.S. colleges and universities last year.
By Garry Kranz Comments 0 | Recommend 0
Education Pays: While merit raises and other pay remained flat across many
industries, employees at the nation’s colleges and universities made out quite
well in 2006. According to Watson Wyatt Data Services, 92 percent of
institutions handed out salary increases, with about 96 percent of employees
receiving some form of additional remuneration. (It makes one wonder how the
other 4 percent must feel about being left out of the largess.) The average pay
increase is 3.8 percent. Nearly 61 percent of higher education organizations
plan to increase salary-range midpoints in 2008, also by 3.8 percent. Not
surprisingly, nearly all surveyed institutions provide some form of tuition
assistance to employees. The Watson Wyatt data was culled from responses of 113
U.S. institutions, totaling about 35,000 people.
Workforce Management contributing editor Garry Kranz is based in Richmond, Virginia. E-mail editors@workforce.com to comment.
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