ERIC Number: ED161360
Record Type: Non-Journal
Publication Date: 1978-May-22
Reference Count: N/A
A Faculty Salary Resource Allocation Model for Balancing Salary Needs with Resources. AIR Forum Paper 1978.
Bolte, John R.; Coleman, D. R.
The balancing of salary needs for financial resources requires that university administrators take a careful look at supply and demand factors in the academic marketplace when allocating salary funds to colleges and departments within a university. Quality academic programs can be maintained only if quality faculty members are attracted and retained. This requires the payment of faculty salaries which are competitive in the national marketplace. Average faculty salary data at the national and regional level by rank and discipline have been provided by the Oklahoma State Faculty Survey. Using this information, a study was completed to determine the extent to which each college within a university was competitive in the national marketplace and to establish a uniform procedure for correcting existing discrepancies. LImitations in making marketplace adjustments are discussed and an example, using actual data, is presented to demonstrate the procedure used to make each academic unit more competitive in the national marketplace. (Author)
Descriptors: Bibliographies, Budgeting, College Faculty, Competition, Educational Finance, Faculty Recruitment, Higher Education, Institutional Research, Models, Research Projects, Resource Allocation, Salary Wage Differentials, State Surveys, Statistical Data, Teacher Salaries, Teacher Supply and Demand, Universities
Publication Type: Speeches/Meeting Papers
Education Level: N/A
Authoring Institution: Florida Technological Univ., Orlando.