Pay Of Senior Administrators Still Beats Inflation, Even In Sluggish Economy
(The Chronicle of Higher Education)
"Despite the souring economy, increases in salaries for senior administrators have outpaced inflation in the 2008-9 fiscal year, according to a report issued this week by the College and University Professional Association for Human Resources," The Chronicle of Higher Education reports. "The median base salary for senior-level administrators increased by 4 percent this year—the third consecutive year at that rate. This was the 12th straight year that salary increases have outpaced inflation, which was 3.8 percent during the survey period, according to the Consumer Price Index. ... Fifty percent of respondents expected to hire 'somewhat fewer' or 'significantly fewer' staff members than last year. Institutions said, however, that they hoped to hire as many faculty members as the year before."
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