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7.6.1 General Compensation Policy

Approved by Academic Council, Faculty, Administration

Funds for faculty compensation, as part of the University's budget, are allocated by the Board of Regents, acting on the recommendation of the President. The Provost, with advice from the Institutional Priorities Committee and the Council of Deans; and the Academic Council, with advice from the Faculty Compensation Committee, will provide the President with information and recommendations concerning long-term faculty salary goals, annual increases, and overall compensation policy. The Provost and the Academic Council shall strive to provide joint recommendations to the President whenever possible, but if disagreement exists separate recommendations and supporting information should be provided. The President will set compensation policy.