Paul L. Caron
Dean




Tuesday, April 13, 2021

60% Of Colleges Cut Or Froze Faculty Salaries During The Pandemic; 30% Reduced Or Eliminated Fringe Benefits

AAUP, 2020-21 Faculty Compensation Survey Results:

Data collection for the AAUP’s 2020–21 Faculty Compensation Survey concluded in March, with 929 US colleges and universities providing employment data for nearly 380,000 full-time faculty members as well as senior administrators at nearly 600 institutions. ...

The survey found that real wages for full-time faculty decreased for the first time since the Great Recession, and average wage growth for all ranks of full-time faculty was the lowest since the AAUP began tracking annual wage growth in 1972. After adjusting for inflation, real wages decreased at over two-thirds of colleges and universities. The number of full-time faculty decreased at over half of institutions.

To understand the ways in which institutions responded to the COVID-19 pandemic, the AAUP also asked participating institutions to identify how many faculty members–both tenure-line and non-tenure-track–were impacted by actions taken by institutions. US colleges and universities have taken a wide range of actions in response to financial difficulties stemming from the COVID-19 pandemic. At a time when many institutions were already struggling to balance their budgets, many lowered their expenditures by implementing hiring freezes, salary cuts, fringe benefit cuts, furloughs, and layoffs. The results of the AAUP’s 2020–21 Faculty Compensation Survey highlight the prevalence of such actions and how they have affected faculty members. ...

  • Average salaries increased 1.0 percent. This is the smallest increase on record since the AAUP began tracking this measure in 1972.
  • After adjusting for inflation, real average salaries decreased 0.4 percent. After adjusting for inflation (the Consumer Price Index, or CPI, increased 1.4 percent in 2020), real wages decreased for the first time since the 2011–12 academic year. ...
  • Nearly 60 percent implemented salary freezes or reductions.
  • About 30 percent eliminated or reduced some form of fringe benefits. ...
  • Almost 10 percent implemented furloughs for at least some faculty.

Inside Higher Ed, Faculty Salaries Dip This Year:

Top Salaries for Full Professors at Private Universities, 2020-21 (Average)

1

Columbia

$280,800

2

Stanford

$260,100

3

Princeton

$257,600

4

Harvard

$254,900

5

Chicago

$251,100

6

MIT

$239,500

7

Pennsylvania

$236,800

8

Yale

$234,300

9

Duke

$220,600

10

Northwestern

$217,100

Chronicle of Higher Education, AAUP Survey Spells Bad News for Faculty Wages Amid Pandemic

https://taxprof.typepad.com/taxprof_blog/2021/04/60-of-colleges-cut-or-froze-faculty-salaries-during-the-pandemic-30-reduced-or-eliminated-fringe-ben.html

Legal Ed News, Legal Education | Permalink