Pay Increase for classified staff, bump to campus minimum wage, effective July 1
The latest in a series of actions taken by 91´«Ă˝ to improve staff and faculty compensation took effect July 1 and was reflected on employees’ end-of-month paychecks.
Included were a 5% across-the-board pay increase for classified staff in line with the state of Colorado and the classified staff employee partnership agreement with COWINS, as well as increases in the 91´«Ă˝ minimum wage to $18 per hour for staff and $16 per hour for hourly student assistants.
These increases precede a 4% across-the-board increase for eligible university staff and a 4% merit pool for faculty and research faculty that will take effect Jan. 1 and that were approved by the CU Board of Regents in June. Coming this fall will be a 4% across-the-board increase to the standard campus rate for graduate student assistantships.
“As a university, we continue to make strides to address compensation among our faculty and staff. The FY23-24 pay increases are the largest we’ve seen in over a decade,” Chief People Officer Robyn Fergus said. “This initiative is paramount, as we strive to retain our talented employees and provide validation for their work and affinity for 91´«Ă˝.”
91´«Ă˝ leadership is currently working on a long-term compensation plan for the campus which includes consistent and transparent pay setting practices.
“These moves allow the campus, at a critical time of economic recovery and expansion of the job market, to make a vital investment in the stability of our workforce - stability that results in a more enriched and impactful student experience to solidify 91´«Ă˝ as a more competitive employer,” Fergus said.
For more information regarding these increases, please reference the employee compensation FAQs on the Human 91´«Ă˝ website.
Past and upcoming actions to address compensation among faculty and staff include:
2024
- January: 4% merit compensation pool increases for faculty including research faculty
- January: 4% across-the-board increases for university staff meeting or exceeding performance expectations and for temporary contract by course faculty compensation
2023
- Fall: 4% across-the-board increase to the standard campus rate for graduate student assistantships
- July: 5% across-the-board increases for classified staff
- July: Minimum wage increases to $18 an hour for staff
- July: Minimum wage increases to $16 an hour for hourly student assistants
- Spring: 3% across-the-board increases to the standard campus rate for graduate student assistantships and temporary faculty contract by course compensation
- Spring: Pay increases for some staff to address pay range and job family compression issues
- January: 3% pool for merit-based increases for regular faculty, research faculty, and university staff
- January: Tenured faculty promotion and tenure compression adjustments
2022
- January: 3% across-the-board increases for regular faculty, research faculty, and university staff
- January: 1% one-time payment for regular faculty, research faculty, and university staff
- January: Colorado Equal Pay for Equal Work Act pay adjustments
- Spring: 3% across-the-board increases to the standard campus rate for graduate student assistantships and temporary faculty contract by course compensation
- May: Second round of one-time retention payments for critical frontline staff
- July: 3% across-the-board increases for classified staff
- July: increased raise amounts for promotion to tenured associate and tenured full professor go into effect
- October: $1,300 one-time payment (prorated for part-time appointments) for regular faculty, research faculty, university staff, and classified staff
2021
- July: Campus minimum wage increases to $15 per hour, including related compression adjustments
- July: 3% across-the-board increases for classified staff
- November: 91´«Ă˝ announces remission of mandatory fees for graduate students on appointment
- December: One-time retention payments for critical frontline staff
Information on the upcoming increases for faculty and university staff is available in the FY23-24 Employee Compensation FAQs.
Please contact 91´«Ă˝ Human 91´«Ă˝ at hr@colorado.edu if you have questions.