May 4, 2021BoardMeeting
BoardCollege Of Liberal Arts Town Hall Meeting
The meeting provided an overview of a comprehensive pay study conducted at the university to ensure competitive compensation for faculty and exempt staff. Key discussion topics included the methodology for identifying peer institutions for benchmarking, the application of cost-of-living adjustments for the greater Baltimore area, and the findings that a majority of positions are within a competitive range. Future steps discussed include the commitment to raise salaries for individuals falling below 80 percent of the identified market rate and the upcoming internal analysis to address broader issues of pay equity and compression.