YUFA
FAQs
Effects of Salary Adjustment
"Salary adjustment" poured about $4.1 million into raises based primarily on professional experience, but also on how the Ontario government's Social Contract salary freeze of 1993-95 affected lifetime earnings.
Salary adjustment funds were distributed to five different groups: (1) librarians; (2) alternate Stream faculty; (3) professorial stream faculty in "market" departments, i.e., Business, Economics, Computer Science; (4) professorial stream faculty in other departments; (5) CLAs. The distribution had the following effects on the correlation between age - as a proxy for "professional experience" - and salary:
- The correlations for librarians and the alternate stream, already very high in 1996/97, rose slightly.
- For "non-market" professors the correlation also improved: salary and age are now even more strongly related.
- For "market" professors, salary and age have actually become more weakly related, possibly because the positive effects of the salary adjustment have been offset by high starting salaries for incoming faculty and large marketability adjustments given to individuals in this group. Thus, the salary structure for these faculty reflects a market system much more than does that of all other YUFA members.