The Egyptian Daily | SIU Board of Directors votes to approve salary increases for President and Chancellor
The Southern Illinois University System (SIUS) Board of Trustees voted unanimously today to approve a pay raise for President Daniel Mahoney and Chancellor Austin Lane.
The salary increase comes with incentive bonuses from the SIU Foundation that have been approved as rewards for achieving target metrics, including student enrollment and retention in their positions at the SIU Carbondale (SIU) campus.
“Anyone who works with the [SIU] The Foundation, regardless of position, receives performance bonuses when current goals are met,” said Board Chairman J. Phil Gilbert. “This approach is common for universities across the country.”
Gilbert said Mahoney and Lane would be intimately involved in a A fundraising of 500 million dollars by the SIU Foundation, a nonprofit organization of allies to faculty and alumni, and the two will help provide their own incentive from the Foundation.
Lane said a plan was in place to raise the salaries of SIUC faculty and staff to bring them up to a fair level, after a 10-year period of salary stagnation prior to his arrival.
“We’ve adjusted 120 employees or more by 4% in two years, so we’ll keep going,” Lane said. “Every time we see an increase in our tuition income and an increase in state appropriations, we’re going to put that money on employees so we can address that equity gap.”
Lane said the SIUC administration is focused on increasing enrollment to reinvest in employee salary increases.
Staff reporter William Box can be contacted on [email protected] or on Twitter at @William17455137. To stay up to date with all your Southern Illinois news, follow the Daily Egyptian on Facebook and Twitter.