Interim VC announces market pay adjustments

A market adjustment of up to 3 percent for all employees at the Medical Center who are below their respective midpoint salary range is scheduled for October, according to a memo to UMMC deans, directors and department heads from Dr. James Keeton, interim vice chancellor for health affairs.

The market adjustment is “in keeping with our commitment to maintaining competitive salaries within our markets and being an employer of choice,” according to the memo.

More than 5,000 of the Medical Center’s approximately 8,000-member work force will receive a pay increase under the plan. Keeton said the adjustment is specifically directed at those whose salaries are low with respect to the market. Employees whose salaries are at or above the midpoint or those who are not in a graded position – such as executive staff, faculty, contract and temporary personnel, and those hired July 1 or after – will not be included in the market adjustment.

The memo also stated that registered nurses will receive a market adjustment of 4 percent for all non-exempt nursing positions according to the “building blocks” pay model.

“As was the case last year, these increases must be derived from departmental resources. Since we did not receive an increase in state support this year, departments with affected employees paid with state monies will need to reallocate funds or find other means to fund this commitment,” according to the memo.

Medical Center employees who are eligible for the adjustment will be contacted by their supervisors.

2009-09-02 00:00:00 18981