Go to the U of M home page
Showing posts with label salary. Show all posts
Showing posts with label salary. Show all posts

Thursday, June 29, 2023

Update from Stacey

On Monday, the Regents approved the budget, which paves the way for us to begin notifying staff of their salary increases. If you are a civil service or P&A staff member, you can expect an email from me next week.

On another note, I’m really looking forward to our all staff event this summer on Thursday, July 27. I will give an ASR update followed by the DEI committee's update. After that, we have time reserved for teams to gather and eat lunch, which will be provided for all staff. Then there will be wellness time for the remainder of the day. More information will be sent out soon. I hope to see you there!

Thursday, June 15, 2023

Update from Stacey

We are finalizing the details for the FY2024 salary and merit increases for P&A and Civil Service staff, pending final approval of the merit pool by the Board of Regents. The ASR Directors agreed that our priorities are to provide salary increases as close to the merit pool amount as we are able, help our staff making lower salaries that have been hardest hit by inflation, and to resolve salary equity issues of greatest concern.

In order to best reflect these priorities, staff making greater than $100,000/year will see slightly smaller increases. Staff making less than $60,000/year, and staff with a compa ratio under .76 after merit will receive an additional $500 added to their salary amounts. Staff who fall into both categories will receive $1,000 total added to their salary amounts.

The chart below provides the merit rates we have set by salary range and performance appraisal score.

Salaries below $100,000

Rating

Rating description

% increase

3

Outstanding

3.75%

2

Successful

3.55%

1

Needs development

2%

Salaries above $100,000 (decreased by 1%)

Rating

Rating description

% increase

3

Outstanding

2.75%

2

Successful

2.55%

1

Needs development

1%


Labor represented staff will receive increases based on their contract.

The overall merit pool is currently pending Board of Regents and Provost approval. A final vote is expected on June 26, 2023. Once the approval is finalized, staff will be sent personalized letters.

I want to thank you all for your hard work over the past year. The University is lucky to have you!