What has UM offered on salary increases?
UM’s offer includes a two-year monetary proposal with both general salary increases across the board, targeted market adjustments and changes to the salary structure that would substantially increase lifetime earnings of members.
Here’s how the monetary proposal impacts an assistant professor’s $100,000 salary:
- With UM’s offer over the two years, salary would increase 9.32 per cent, meaning the assistant professor would make $109,316 in salary.
- Salary increments already in the current collective agreement are $2,028 in year one plus $2,028 in year two equaling 4.06 per cent, meaning the assistant professor would make $104,056 in salary in two years if UM’s monetary offer isn’t adopted.
- This means that under UM’s new salary increases through the latest monetary proposal, the assistant professor gets another bump of 5.26 per cent over two years, or 2.63 per cent per year, for a total additional increase of $5,260 in salary.
The new money UM has put on the table represents a substantial increase.
“UM’s offer makes significant improvements to current salary scales to meaningfully improve our ability to attract and retain faculty,” says Provost and Vice-President Academic, Diane Hiebert-Murphy. “These changes take some time to review and understand, especially as they impact faculty members differently depending on where they are in their careers.”
UM has created a salary calculator that UMFA members can use to see the impact on their salary. “The salary calculator shows what increase would be received through UM’s proposal over and above what would be received through the current agreement,” says Dr. Hiebert-Murphy.
Read the latest UM Today article for more details on UM’s monetary offer