Context for FAM’s Pay Proposal*
Average annual raise FAM has proposed to help address increases in your cost of living: 7%
Source: FAM-T Proposal on Compensation, December 19, 2023.
Total raise over three years of contract would be 26.5%.
To find out how FAM and management raises would affect you, use FAM’s Pay Calculators.
Average annual raise management has proposed for you: 1.4%:
Miami University Proposal on FAM-T Compensation, April 17, 2024.
Total raise over three years of contract would be 5.75%.
To find out how FAM and management raises would affect you, use FAM’s Pay Calculators.
Average salary increase for full-time faculty at all ranks nationwide last year: 4.1%
Amount by which real average faculty salaries decreased last year (after raises): 2.8%
Increase in spending on upper administration salaries at Miami (institutional support) from 2016 to 2022: 30.9%
Increase in instructional spending at Miami from 2016 to 2022: 7.5%
Annual median salary of a tenure-eligible line at Miami: $95,459
2023 salary data provided by MU administration
Annual median salary of a TCPL line at Miami: $68,094
2023 salary data provided by MU administration
Annual median salary of a librarian line at Miami: $60,785
2023 salary data provided by MU administration
Annual bonus for Miami President Crawford from 2022 to 2027: $75,000
Number of median-salaried tenure lines MU football coach’s $850,000 annual salary + bonus could cover if redirected:
11.5
11.5
Miami University Public Records and 2023 salary data provided by MU administration
Number of years Miami has posted an end-of-year net operating cash flow surplus, out of the last ten: 10/10
Of these, percentage of years that surplus exceeded $50 million: 100%
Of these, percentage of years that surplus exceeded $100 million: 70%
Average surplus over last ten years: $109 million
Est. annual cost of FAM pay proposal for each year of contract: $15 million
Conservatively generous estimate based on salary data provided by MU administration
Percentage of the average yearly surplus that would remain available after a 7% raise for bargaining unit members next year: 86%
Moody’s and Fitch’s bond ratings for Miami, respectively—noting “strong financial position, favorable student demand, and…substantial absolute wealth of $1.6 billion” and “ample operating liquidity”:
Aa3 and AA
Aa3 and AA
moodys.com and fitchratings.com (subscription needed)
Miami’s rank among Ohio public universities for financial viability and net income: 1 and 1
Ohio Department of Higher Education, Campus Accountability, 2023
Date at which US higher education enrollments hit a low point and started to grow again, according to federal data: 2021
Amount by which US higher ed enrollments are projected to increase between 2021 and 2031: 9%
*See Howard Bunsis’ recent analysis of Miami’s financials.
Estimate your pay post-contract with FAM’s Pay Calculators.
How to build the power you need to win the contract you want:
Membership and active involvement in your union!
Membership and active involvement in your union!
McAlevey, Jane. Rules to Win By: Power and Participation in Union Negotiations. New York: Oxford University Press, 2023 — and FAM’s allies across the higher education labor movement
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