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FCC ANNUAL FACULTY COMPENSATION COMPARISON

FCC ANNUAL FACULTY COMPENSATION COMPARISON. Frank R. Gunter, Chair FCC University Faculty Meeting 30 April 2007. 2006-2007 Lehigh Faculty Pay (Excludes 6 Lecturers and 26 Professors of Practice). Inflation: 2.5%. Long-Term Trends: Full Professor Salary .

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FCC ANNUAL FACULTY COMPENSATION COMPARISON

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  1. FCC ANNUAL FACULTY COMPENSATION COMPARISON Frank R. Gunter, Chair FCC University Faculty Meeting 30 April 2007

  2. 2006-2007 Lehigh Faculty Pay(Excludes 6 Lecturers and 26 Professors of Practice) Inflation: 2.5%

  3. Long-Term Trends: Full Professor Salary

  4. Long-Term Trends: Associate Professor Salary

  5. Long-Term Trends: Assistant Professor Salary

  6. History of Comparison Group • Trustees established Comparison Group in October 1978 and canceled it in October 1990 • “Lehigh University is committed to making every effort, consistent with sound financial management to attain, and then maintain…average compensation by appropriate disciplinary field and by rank of the following reference universities.” • Boston University, Carnegie Mellon, Cornell-Endowed, Duke, MIT, Penn State, Princeton, RPI, Rutgers, Stevens, Tufts, U. of Pennsylvania, U. of Rochester and U. of Virginia. • Group averages adjusted by Oklahoma factors.

  7. Average Annual Increase: 1992/93 to 2006/07(Inflation Average = 2.5%)

  8. Salary Compression: Ratio of Asst Salary to Assoc Salary

  9. 2006-2007 Budget Impact

  10. Cost of Achieving Parity with 14 Schools Increase in LU total expenditures in last year: $17.9 million

  11. Lehigh Employment(Excludes contract workers such as Brickman)

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