Faculty Senate at University of Wisconsin-Stevens Point approves plan to boost salaries
Wausau Daily Herald
April 19, 2012
The Faculty Senate at the University of Wisconsin-Stevens Point on Wednesday approved a plan to bolster salaries of faculty members lagging far behind their peers in pay.
The plan, which will go into place for the 2013 fiscal year -- July 1 to June 30, 2013 -- will distribute newly budgeted money to faculty based on how poorly compensated they are compared to the national average for their position and discipline. It also recommends that salary savings from hiring less costly replacements for faculty who retire or leave be returned to the salary pool, instead of going toward maintenance or other budget needs.