The Indiana State University Board of Trustees has approved a raise for faculty and staff. Faculty are receiving a 3% raise and staff are receiving a 2.25% raise plus an additional $100 for each year of service up to ten years. The raise follows a study conducted by Mercer Consulting that concluded salaries at ISU were considerably lower than at other comparable schools. Assistant Vice President for Communications and Marketing Tara Singer says substantial enrollment growth will help the university find the additional cash needed for the pay hikes.
“This is a very good thing for our university community,” Singer said. “This is dollars we were able to realize and set aside for this purpose which has always been the plan. This does not distract or take away from any of our other initiatives. This is part of a planned initiative to enhance our faculty and staff salaries.”
The adjustment raises salaries at Indiana State University to 85% percent of market. The University’s strategic plan intends to reach 90% of market by 2014.