Cost of Raising University’s Minimum Wage

December 6, 2018

Questioner: Anonymous

Posed to: Shari Shuman, Vice President, Administration & Finance

  1. How much would it cost UNF to raise the minimum wage of every UNF employee to $10 per hour (which I take to be close to $20k a year)?
  2. To $12.50 an hour?  (around $25k)
  3. To $15 an hour (around $30k)
  4. How many UNF employees currently fall below $10/hour, $12.50/hour, $15/hour?

Response from the Floor by Shari Shuman, Vice President, Administration & Finance

As part of the bargaining agreement, all employee wages are increasing to at least $10 per hour. VP Shuman stated that there were 67 employees that fell below the wage of $10 per hour, which cost about $150,000 to rectify. Depending on vacancies, figures will fluctuate due to market forces. UNF is currently working to raise additional salaries to $12.50, which will impact 234 employees for $1.2 million. To go to an hourly wage of $15 which will cost about $3.5 million and 389 employees. VP Shuman reminded the faculty that the “living wage” has been raised in the past, and UNF hopes to raise wages again in the near future.

Follow Up Question: Were staff that were making $10 per hour, was their salary adjusted to eliminate compression amongst staff?

Response from the Floor by Shari Shuman, Vice President, Administration & Finance

Because most employees impacted were in Physical Facilities and Housing, UNF was able to make some incremental changes to alleviate compression up to 5% between a supervisor and a worker.

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