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Faculty Compensation Committee Strategic Plan Report March 11, 2010

Faculty Compensation Committee Strategic Plan Report March 11, 2010. 2009-10 Committee Members Chris Fragile, Chair (Physics & Astronomy) Katherine Bielsky (Library) Frank Cossa (Art History) Doug Ferguson (Communication) Stuart Knee (History) Parissa Tadrissi (Hispanic Studies)

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Faculty Compensation Committee Strategic Plan Report March 11, 2010

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  1. Faculty Compensation CommitteeStrategic Plan ReportMarch 11, 2010 • 2009-10 Committee Members • Chris Fragile, Chair (Physics & Astronomy) • Katherine Bielsky (Library) • Frank Cossa (Art History) • Doug Ferguson (Communication) • Stuart Knee (History) • Parissa Tadrissi (Hispanic Studies) • Mark Witte (Economics/Finance)

  2. Strategy 3: Develop and Support a Highly Qualified, Diverse and Stable Base of Faculty • Bullet points considered in this study: • Increase the number of and funding for endowed chairs • Recognize and reward annual performance in both annual raises and special awards • Establish incentives for faculty to write and administer grants and contracts

  3. Strategy 3: Develop and Support a Highly Qualified, Diverse and Stable Base of Faculty • Committee’s goals: • to provide input to the administration regarding successful programs relating to Strategy 3 • to monitor the College’s progress in achieving the overarching goals of Strategy 3

  4. Method of Research • Peer list:

  5. Increase the number of and funding for endowed chairs • James Madison University • 19 Faculty Chairs • provide salary supplement to new or existing lines • to provide research and/or program support • 27 Endowed Professorships • targeted at retaining mid-career faculty • recognition, a salary supplement, and research/teaching support • Faculty Fellowships • support for research, curriculum development, and travel

  6. Increase the number of and funding for endowed chairs • If both JMU and C of C achieve their respective goals with regard to endowed positions, then C of C would lag JMU in this category by a factor of 4-to-1 • In this respect, it may no longer be appropriate to consider JMU a peer institution

  7. Recognize and reward annual performance in both annual raises and special awards • St. Mary’s College (Maryland)

  8. Recognize and reward annual performance in both annual raises and special awards • 2009 FCC AAUP Salary Study • St. Mary’s ranked 19th out of 20 peer institutions at Assistant Professor rank • 9 places behind C of C • St. Mary’s ranked 10th out of 20 at Full Professor rank • 7 places ahead of C of C

  9. Establish incentives for faculty to write and administer grants and contracts • Western Washington University • Matching Equipment Funds • Publication Support • Manuscript Preparation • Mini-Grants • Grants-in-Aid • Pilot Project Funding • Project Development Awards • Summer Research Grants

  10. Establish incentives for faculty to write and administer grants and contracts • Western Washington University • Summer Teaching Grants • Faculty Development Grants

  11. Concluding Thoughts • Goals of Strategic Plan are achievable • Endowed Chair program will require aggressive funding campaign • Ongoing salary incentives are critical for many reasons • Research incentives can trigger snowball effect through judicious use of indirects

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