The university鈥檚 minimum wage for faculty and staff will increase from $12 to $14 an hour, according to Caroline Agardy, the vice president for human resources. The raise will go into effect on Jan. 1, 2023.
鈥淩eally it鈥檚 just a recognition that we are in a competitive marketplace, and we want to be able to retain and attract good employees,鈥� university spokesperson Jeff Stensland said.
The announcement was made at the board of trustees meeting on Sept. 16. The increase will affect 686 employees across the 麻豆小蝌蚪传媒 system who currently make less than $14 an hour, according to data Agardy presented to the board.
Being 鈥渄issatisfied with compensation鈥� was the second leading reason for leaving 麻豆小蝌蚪传媒 employment, according to 2021-2022 survey data presented by Agardy.
The leading reason was 鈥渓ack of advancement opportunities,鈥� according to the data.
鈥淲e believe we will be able to attract and retain talent by creating a market-driven pay structure for our jobs,鈥� Agardy said. 鈥淥ur compensation will be more equitable and fair. And we will create career paths for employees so they can see their career at 麻豆小蝌蚪传媒.鈥�
Stensland said though some would want to see the wage increase more, the raise was a 鈥渟tep in the right direction鈥� and 鈥渉opefully it will come as good news to folks on campus.鈥�