Use these calculators to get an estimation of how each compensation proposal would impact your paycheck! The tables under each tab 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.
Notes (please read): These are estimates based on initial proposals and are subject to change over the course of bargaining. • The current calculator is missing proposed salary floors and promotions to full professor as our software lacks advanced if/then programming. • Librarians are 12-month employees and faculty have 9-month contracts. • 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.
Management’s first compensation proposal was shared with FAM negotiators on April 17. FAM’s initial proposal was shared on Dec. 19. Here are the basics of how these proposals compare…
| Latest Management Proposal | Latest FAM-T Proposal | |
|---|---|---|
| Raise at signing | 2% | 4% |
| July 2024 | 1.25% | 9.5% |
| July 2025 | 1.25% | 6.5% |
| July 2026 | 1.25% | 6.5% |
| Promotion to Associate | $5,000 | $10,000 |
| Promotion to Full | $5,000 | $15,000 |
| Compensation proposal dated… | 17 April 2024 | 19 Dec 2023 |
Now use this calculator to get an estimation of how each proposal would impact your paycheck.
FAM’s initial proposal was presented on Jan. 12, but management has not yet countered with their proposal. Here’s the basics of how these proposals compare. This chart does not include proposed base salaries.
| Latest Management Proposal | Latest FAM-L Proposal | |
|---|---|---|
| Raise at signing | Not yet available | 4% |
| July 2024 | n/a | $1,900 + 12% |
| July 2025 | n/a | $1,400 + 6% |
| July 2026 | n/a | $1,300 + 6% |
| Promotion to Associate Librarian | n/a | $12,000 |
| Promotion to Principal Librarian | n/a | $17,000 |
| Compensation proposal dated… | Expected in May 2024 | 12 Jan 2024 |
Now use this calculator to get an estimation of how each proposal would impact your paycheck. Note: Management levels are currently based on management’s faculty proposal. We expect a librarian proposal from management in May.
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