TCU-Faculty-Relations-Committee-Compensation-Analysis
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TCU-Faculty-Relations-Committee-Compensation-Analysis
TCU Faculty Relations Committee Compensation Analysis 1Does TCI* Offer Compensation that is Too Rich?: Analysis Across Nationally-Ranked Private Unive TCU-Faculty-Relations-Committee-Compensation-Analysisersities43739Executive Summary and Overview of Findings:•This document uses data from the IRS. from AAUP. and from U.S. News & World Report (USNWR) to examine TCU’s financial situation, compensation packages, and perceived academic quality as compared to other nationally-ranked private universities. TCU-Faculty-Relations-Committee-Compensation-Analysis•It has been prepared in response to the Chancellor's charge to ƯCAC to find ways to reduce benefits for future TCƯ employees.•Compared to our self-deTCU-Faculty-Relations-Committee-Compensation-Analysis
fined peer and aspirant institutions. TCU’s financial position appears strong.o We have low expenses relative to revenue and strong assets in the endoTCU Faculty Relations Committee Compensation Analysis 1Does TCI* Offer Compensation that is Too Rich?: Analysis Across Nationally-Ranked Private Unive TCU-Faculty-Relations-Committee-Compensation-Analysisssets (chiefly, the endowment).•When comparing AAƯP salary data to other universities that field Division I football teams. TCU’s total compensation packages are not competitive.•When comparing AAUP salary' data across nationally-ranked private universities, TCU’s total compensation typically appear TCU-Faculty-Relations-Committee-Compensation-Analysiss at the median at best, and often below the median.o Associate professors fare somewhat better than the other ranks.o TCU’s benefits are somewhat betTCU-Faculty-Relations-Committee-Compensation-Analysis
ter, but salaries are somewhat worse, resulting in total compensation packages that are not competitive.o This is particularly the case for assistant TCU Faculty Relations Committee Compensation Analysis 1Does TCI* Offer Compensation that is Too Rich?: Analysis Across Nationally-Ranked Private Unive TCU-Faculty-Relations-Committee-Compensation-Analysisr regional cost of living. TCU fares worse than our peer and aspirant institutions.•Faculty compensation (both salary' and benefits) serve as 7% of the calculation of USNWR rankings, and so increasing faculty compensation is one mechanism for accomplishing Vision in Action goal #1 (to strengthen TCU TCU-Faculty-Relations-Committee-Compensation-Analysis’s academic profile and reputation).•Faculty compensation exhibits strong correlations with USNWR rank and with the academic quality ratings offered bTCU-Faculty-Relations-Committee-Compensation-Analysis
y university' administrators around the nation (which serve as 20% of the USNWR ranking).•The Faculty Relations Committee of the TCƯ Faculty Senate haTCU Faculty Relations Committee Compensation Analysis 1Does TCI* Offer Compensation that is Too Rich?: Analysis Across Nationally-Ranked Private Unive TCU-Faculty-Relations-Committee-Compensation-Analysisthat reductions to the total compensation packages for new employees, whether in the area of benefits or salaries, would harm TCU's ability to recruit and retain high-quality faculty members.o The charge to reduce benefits to new employees seems in direct opposition to VTA goal #1 (to strengthen TCU TCU-Faculty-Relations-Committee-Compensation-Analysis’s academic profile and reputation) and VTA goal =4 (to strengthen the TCU workforce).TCƯ Faculty Relations Committee Compensation Analysis 2Table ofTCU-Faculty-Relations-Committee-Compensation-Analysis
ContentsSection 1: Background and Context: p. 3Section 2: TCl’s Financial Picture Compared to Peers and Aspirants: p. 8Section 3: Examination of AAl’PTCU Faculty Relations Committee Compensation Analysis 1Does TCI* Offer Compensation that is Too Rich?: Analysis Across Nationally-Ranked Private Unive TCU-Faculty-Relations-Committee-Compensation-Analysis22-43•Across USNWR faculty compensation rank at peers and aspirants: pp. 44-45Section 4: Faculty Compensation and VSNWR Ranking: p. 46Conclusions: p. 53Appendix: Faculty Senate Resolutions on TCV Benefits: pp. 55-56TCU Faculty Relations Committee Compensation Analysis 3Section 1: Background and Cont TCU-Faculty-Relations-Committee-Compensation-AnalysisextAuthorshipThis report was written by Andrew Ledbetter, Professor. Department of Communication Studies in the Bob Schieffer College of CommunicationTCU-Faculty-Relations-Committee-Compensation-Analysis
at Texas Christian University, in his capacity as the chair of (lie Faculty Relations Committee in the 1 CL Faculty Senale. He also currently sen es TCU Faculty Relations Committee Compensation Analysis 1Does TCI* Offer Compensation that is Too Rich?: Analysis Across Nationally-Ranked Private Unive TCU-Faculty-Relations-Committee-Compensation-Analysises. The sources for the primary data used in this report are listed below or via in-text citations.TCU Faculty Relations Committee Compensation Analysis 1Does TCI* Offer Compensation that is Too Rich?: Analysis Across Nationally-Ranked Private UniveGọi ngay
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