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FGCU Presidential Compensation

FGCU Presidential Compensation. Preliminary Review. Base Components. Base Salary: Begins at $358,864 “Targeted” for 5% annual increases based on a “satisfactory review” by the BoT For 2016-2017 Base Salary with full 5% increases will be $436,201 “Base” Retention Bonus:

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FGCU Presidential Compensation

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  1. FGCU Presidential Compensation Preliminary Review

  2. Base Components • Base Salary: • Begins at $358,864 • “Targeted” for 5% annual increases based on a “satisfactory review” by the BoT • For 2016-2017 Base Salary with full 5% increases will be $436,201 • “Base” Retention Bonus: • “Base” because it is a mandatory, non-performance based payment at end of fiscal year unless Dr. Bradshaw chooses to leave or is removed for cause* • Begins at $25,000 and increases by $25,000 per year to $125,000in 2016-2017 • Totals $375,000 over five years • Long Term Disability • “Dr. Bradshaw will be reimbursed up to $8,000 (less taxes) for purchase….”

  3. Performance Components • Performance Raise • “…the annual base salary will be increased up to 5% (5% being the target) at the board’s sole discretion, effective each July 1 based upon a satisfactory annual review by the Board.” • All raises to date have been increased to the maximum amount of the contract. • Performance Bonus • “…satisfactory services (defined as meeting or exceeding goals set by the President and approved by the Board)…performance incentives of $80,000…may be awarded….” • “if the President has not met all his goals, the Board may, at its sole discretion, award performance incentives up to $80,000.” • The BoThas always awarded the full performance bonus during Dr. Bradshaw’s tenure. Some targets set in the performance goals have been missed.

  4. Overview Does not include LTD reimbursement

  5. Total Cash Compensation • With Full Bonuses and Incentives

  6. SUSPeer Group and Aspirational Peers • MGT completed a salary survey comparing Presidential compensation to: • SUS Schools • 78 Peer Institutions • 9 “Aspirational” Peer Institutions • MGT proposed the compensation structure that was adopted by the board in its draft Employment Agreement.

  7. SUS Total Compensation Comparison • UCF: $766,200 • UF: $616,000 (plus possible $400,000 retention) • USF: $592,400 • FIU: $550,000 • UNF: $475,000 • FGCU: $463,864 (first year plus bonuses) • FSU: $454,250 • FAU: $446,750 • FAMU: $364,000 • NC: $326,662 • UWF: $224,000 Source: MGT Analysis, Attachment 1; BOT Agenda Item 11; September 20, 2011 Meeting

  8. 78 Peer Institutions • Base salary comparison (not counting bonuses and incentives) • FGCU: $358,864 • Mean: $269,634 • Minimum: $150,336 • Median: $259,000 • 75th %ile $310,660 • Maximum: $387,984

  9. Aspirational Peers • Appalachian State • Eastern Kentucky • James Madison • Marshall • Murray State • Central Arkansas • North Carolina-Wilmington • South Alabama • Western Kentucky Average: $334,266 Minimum: $246,568 Median: $305,620 75th %ile: $382,433 Maximum: $486,948 FGCU: $358,864

  10. All Data Taken from http://nces.ed.gov/ipeds/datacenter/ National Center for Education Statistics, Standard Reports US Department of Education Aspirational Peer Performance Comparisons

  11. Average Instructional Salary

  12. Retention Rate

  13. Undergraduate Total Enrollment

  14. Total Unduplicated HeadcountGraduate and Undergraduate

  15. 4-Year Graduation Rate* *From the IPEDS Data Center “Graduation Rates” tab. “Frequently Used/Derived” tab generates a different view of graduation rates that is comparable but different.

  16. 8-Year Graduation Rate *From the IPEDS Data Center “Graduation Rates” tab. “Frequently Used/Derived” tab generates a different view of graduation rates that is comparable but different.

  17. Number of Instructional/Research/Public Service Staff

  18. Number of Exec/Admin/Mgmt Staff

  19. Total Unduplicated G & UG Headcount per Instructional/Research/Public Service FTE

  20. Total Unduplicated G & UG Headcount per Executive/Administrative/Management FTE

  21. Instructional/Research/Public Service FTEperExecutive/Administrative/Management FTE

  22. Instructional Expenses as a Percent of Total Core Expenses

  23. Institutional Support Expenses as a Percent of Total Core Expenses

  24. Institutional Support • A functional expense category that includes expenses for the day-to-day operational support of the institution. Includes expenses for general administrative services, central executive-level activities concerned with management and long range planning, legal and fiscal operations, space management, employee personnel and records, logistical services such as purchasing and printing, and public relations and development. Also includes information technology expenses related to institutional support activities. • Other Categories (GASB): • Academic Support • Other Core • Student Services • Public Service • Research

  25. 2008-09: Instructional Credit Hours Per Instructional Faculty FTE

  26. Total price for in-state students living on campus 2009-10

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