(Download) "Merit Pay, Colas, And the Return to Faculty Seniority (Report)" by Academy of Educational Leadership Journal * Book PDF Kindle ePub Free
eBook details
- Title: Merit Pay, Colas, And the Return to Faculty Seniority (Report)
- Author : Academy of Educational Leadership Journal
- Release Date : January 01, 2005
- Genre: Education,Books,Professional & Technical,
- Pages : * pages
- Size : 219 KB
Description
ABSTRACT The distinction between annual COLA and merit increases at a unionized, public, liberal arts college allows us to estimate the return to faculty seniority with respect to total salary and its components, cost-of-living and promotion-adjusted starting salary and accumulated merit pay. We find that merit pay, which is awarded on the basis of faculty productivity, rises with seniority over a lengthy period. Due to chronically low budgets at this institution, cost-of-living adjustments have failed to keep pace with market trends for new Ph.D.s. Consequently, a seniority penalty with respect to cost-of-living and promotion-adjusted starting salary exists. Since the negative return associated with this salary component is greater than the positive return for merit pay, the net effect is a seniority penalty with respect to total salary. These results present the seeming contradiction of a seniority penalty for productive senior staff. The perpetuation of this circumstance can best be explained by high faculty mobility costs or by limited alternative employment opportunities for senior faculty.
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