UA employees receive individualized market adjustment information
On Oct. 30, all employees whose salary is being adjusted as a part of the UA market
compensation project received an email with individualized information on the salary
increase which will be effective Oct. 28 and reflected in the Nov. 22 paycheck.
For staff, the email outlines your current job title, grade, current salary, step,
new step for FY20, 90 percent of the market median plus cost of labor or Geo Diff
for your position, and your approximate increase for FY20. Faculty notices include
your job title, rank, CIP code, CIP title, current salary, 90 percent of the market
median plus cost of labor or Geo Diff for your position, and your increase for FY20.
Executive notices include your job title, current salary, 90 percent of the market
median for your position, and your increase for FY20. Employees at or above 90 percent
of the market median will not receive a market adjustment this fiscal year and did
not receive an email on Wednesday.
The UA Board of Regents approved an FY20 operating budget which includes $3.4M in compensation adjustments related to equity and market. All university employees that are currently below 90 percent of the market median will be brought up to 90 percent over the next three years (FY20, FY21, FY22).
University staff, faculty, and executives received a letter, in May or June, which
provided position-specific results of the salary market study. Groups that were not
included in the compensation study were temporary employees, adjuncts and Local 6070
employees.
Employees may go to the 2019 market salary database and log in with your Single Sign-On (SSO) credentials to view your information. The
database contains salary and market information as of Oct. 21, 2019. If you are a
supervisor, results for your direct reports are also available.
Compensation Adjustment Criteria:
- If you are in the same position as of July 1, a compensation increase equal to 1/3 of the amount required to increase to 90 percent of the market median will go into effect on Oct. 28, 2019, and be reflected in your Nov. 22 paycheck. By Dec. 20, 2019, you will also receive a lump sum (amount salary increased to 90 percent of the market divided by three) for retroactive payment back to July 1, 2019.
- If you are in a different position since July 2, your position will be evaluated on a case-by-case basis. Your current salary will be evaluated to determine if it is at least 90 percent of the market median. If not, the salary adjustment will be the total amount to reach 90 percent of the median divided by three, reflecting the three-year implementation. By Dec. 20, 2019, you will receive a lump sum (amount salary increased to 90 percent of the market divided by three) for retroactive payment of your current position since the date the position was held in FY20.
If you have questions, please review the compensation review website /classification/compensation-review/, contact your supervisor, or contact Human Resources (ua-hr@alaska.edu, 907-450-8200).