Use these calculators to get an estimation of how each compensation proposal would impact your paycheck! The tables under each fold-out section show the latest proposals that have crossed the negotiating table.
Do you deserve the FAM raise? And can Miami afford it?
FAM’s pay proposal was developed and costed out by a team including tenured professors in Finance, Economics, and Mathematics alongside a former chair of the Senate Faculty Welfare Committee. It is informed by research into contracts in Ohio and across the country, legal advice, and expert guidance from from national negotiators from AFT and AAUP with decades of experience.
Faculty have endured inflation of 23% over the last five years and have been undercompensated for many more. Miami can and should pay you fairly!
Need proof? Read the FAM Index: Context for FAM’s Pay Proposal or Professor Howard Bunsis’ analysis of Miami financials.
Pay calculator notes
• These salaries are estimates based on initial proposals and are subject to change over the course of bargaining. • Faculty have 9-month contracts and librarians are 12-month employees. • You can enter any pay into the calculator, but check your email for your most recent appointment letter as they were not posted to Banner this year. • Rank minimum salary notes: The rank minimums listed below are not included in the calculators. To estimate, the proposed minimum rank salaries apply after a promotion raise is granted. Example: A $65,000 salary raised to associate professor is is $75,000. This is boosted to $80,000 to meet the rank minimum. Then annual raises are added to the salary.
Faculty Pay Proposals and Calculator (updated 11/7/24)
On Nov. 6 Management increased their proposal a second 0.25% per year. A raise for July 2026 is no longer listed as management is now proposing a contract duration of July 2023-June 2026. FAM returned a proposal on Nov. 7. Here is how these proposals currently compare…
| Latest Management Proposal | Latest FAM-T Proposal | |
|---|---|---|
| At signing | 2% | 4% (retroactive to July 2023) |
| July 2024 | 1.75% | 8.25% |
| July 2025 | 1.75% | 6.0% |
| Rank Promotional Raises | minimum $5,000 | Associate $10,000 Full $15,000 |
| Minimum pay by rank (9 month professors) | $55,000 all ranks | Assistant $ 70,000 Associate $ 84,000 Full/Senior $ 104,000 |
| Compensation proposal dated… | 6 November 2024 | 7 November 2024 |
Now use this calculator to get an estimation of how each proposal would impact your paycheck.
Faculty Pay Calculator
Librarian Pay Proposals and Calculator (Updated 11/13/24)
On Nov. 13 Management increased their librarian pay proposal 0.25% per year. Management is now proposing a contract duration of July 2023-June 2026, so a 2026-27 raise was not presented. FAM will counter at a future session. Here is how these proposals currently compare…
| Latest Management Proposal | Latest FAM-L Proposal | |
|---|---|---|
| Raise at signing | 2% | 4% |
| July 2024 | 1.5% | $1,900 + 9.5% |
| July 2025 | 1.5% | $1,400 + 6% |
| July 2026 | n/a | $1,300 + 6% |
| Rank Promotion raises | $5,000 both | Associate $12,000 Principal $17,000 |
| Minimum pay by rank (12-month librarians) | not offered | Assistant $ 75,000 Associate $ 92,000 Principal $ 114,500 |
| Compensation proposal dated… | 13 Nov 2024 | 31 July 2024 |
Now use this calculator to get an estimation of how each proposal would impact your paycheck…
Librarian Pay Calculator
Inflation Calculator
This inflation calculator was designed for consumer products, but also works well for salaries. Enter your starting year and starting salary and learn how much you’d need to make today to keep current with inflation…
Source: usinflationcalculator.com