Regents adjust salaries upward for president, chancellors
The UW System Board of Regents, meeting Thursday at UW-Parkside, reviewed a new policy on Executive Salary Structure and approved salary adjustments for some senior academic leaders. State statutes require that Regents establish market-based salary ranges for the UW System President and Senior Vice Presidents, all 14 UW Chancellors, and the 2 Provosts at UW-Madison and UW-Milwaukee. (For the 13 Provosts at non-doctoral universities and the UW System Vice President, the Regents must request action by the legislature’s Joint Committee on Employment Relations.) The new policy brings greater consistency to the range-setting process, ensuring that market assessments will be done every two years. Regents on the committee voted to broaden salary ranges in ways that will allow more flexibility. “Some of these ranges have not been updated since 2006 or 2008,” said Michael J. Falbo, Regent president. “Benchmarking these ranges against real market data, and doing so on a regular schedule, makes good sense. Our UW System institutions need strong leadership. That means keeping the effective leaders we have today, and ensuring that future searches attract top talent.” For more.