Wednesday, June 28, 2006

A new fix for salary compression 

One aspect of teaching at SCSU is the faculty contract, which doesn't allow for merit pay and has rather paltry 2.4% steps for a year of experience. It's not unusual for new faculty to earn more than faculty with 8-12 years experience. What we need is a this deal wherea community college president retires for 30 days and gets his severance package, and then returns to work with a new contract. His severance? $893,000. They also gave him the Porsche Boxster they had leased for him before. The board says this president is indispensible, and that because his colege is so large that comparisons to other schools don't work.

(h/t: reader Pat Mattson.)