Equity Pay Plan
September 28, 2007
Dear East Tennessee State University Regular Employee:
We are pleased to announce that ETSU's equity adjustments for 2007 were approved during the Tennessee Board of Regents Quarterly Meeting on September 28. Adjustments represent an increase of
12.5 percent of the difference in salaries and the "market target" for each eligible faculty and staff position.
Regular faculty and staff on payroll as of June 30, 2006 are eligible for this cycle of the Equity Plan. A small adjustment will indicate that the recipient's present salary is very close to the market salary, while a
larger adjustment is offered for those whose current salary is considerably below market. An individual salary letter will be forwarded on October 19 under separate cover pertaining to personal equity adjustments. Adjustments will be included in October 31, 2007 paychecks and will be retroactive to July 1, 2007.
We are also very happy to announce that our current financial status allows us to provide a one-time bonus from non-recurring dollars. The bonus will be a $500 one-time payment on November 30, 2007 for all part-time and full-time regular employees who were on the payroll as of June 30, 2007.
The amount will be prorated for part-time employees. (The bonus does not apply to adjunct faculty, temporary employees, medical school residents, graduate assistants, student workers, or University School faculty).
We thank you for your dedicated service to ETSU and ask your support as we continue to seek fair compensation for your valued talents. Your hard work and loyalty to our university and to our students are recognized and appreciated. You may contact the Office of Human Resources at 439-5890 or log on to Banner Self Service, if you need individual information pertaining to your personal salary.
Sincerely,
Paul E. Stanton, Jr.
University President
PES/ddm