Policy on Faculty Retention (1996; Revised 2006)
The long-term goal of College salary policy is to reward faculty excellence with nationally competitive salaries. Although we must compete with other institutions to hire and retain excellent faculty, competition should not be the primary determinant of individual salaries. Decisions about faculty salaries should depend mainly on evaluations of faculty research/creative activity, teaching, and service, rather than on the availability of job offers from other institutions. In meeting outside offers, due attention should be given to the faculty memberís specific and relative contributions and to salary compression or other inequities within the unit, as well as to market factors.