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Provost

Market adjustments are authorized to adjust a base salary to reflect market conditions for tenured and tenure-track faculty members of the bargaining unit. Specific information on requesting a market adjustment based on the criteria above is outlined in the  Sec. 13.250. 

Faculty can review the salary data for their discipline in the CUPA report for faculty (NetID login required). 23-24 CUPA data provided 3.29.24, updated 4.11.24.

Eligibility

Beginning in the Spring 2024 semester, effective for the 24-25 AY, the Office of the Provost will be dividing the market adjustment funding into two distinct allocations: one for individuals showcasing marketability without a concrete offer, and another for addressing urgent requests, such as having an offer in hand or a campus interview invitation.

Funding Pool #1 | May 1 Submission Deadline

Faculty can submit requests at the end of the current academic year to take effect at the beginning of the following academic year. In this review process, priority will be given to new requests where the individual has not requested a market adjustment in the previous three years. 

Funding Pool #2 | Rolling Deadline for Time-Sensitive Requests

The second pool of funding will be for time-sensitive market adjustments where there is a credible threat that but for an immediate market adjustment, the faculty member will leave the University for another opportunity. 

PROCESS

(Process updated 3.27.24)

  1. Faculty member gathers compelling evidence of marketability.
  2. Faculty member notifies their Chair/Director that they would like to request a market adjustment.  The Chair/Director secures and documents the endorsement of a majority of the tenured and tenure-track faculty in the academic unit.  This should be done via a Qualtrics survey, and the faculty within the unit can discuss the request in a meeting with or without the faculty member present for the discussion. The faculty member may choose whether or not to share evidence of their marketability.
  3. The Chair forwards the vote results to the Dean who must then forward it to the Office of the Provost with the evidence of marketability. 
    • If the faculty within the academic unit do not endorse the market adjustment, the Chair will still forward the request with the vote results to the Dean.
  4. The Provost will present market adjustment requests to the UFA-ADM committee for their approval. For the requests at the end of the AY, the UFA-ADM committee will apply the following rubric to the requests:
    • Tier 1: Offer letter for comparable position or invitation for in-person interview 
    • Tier 2: Invitation to participate in first round of interviews, personalized invitation to apply for a specific position
    • Tier 3: Generic invitation (from search firms, e.g.) to apply for position, evidence that skillset/specialty is particularly marketable or difficult to replace 
  5. The Provost has the final approval of all market adjustments, including the amount approved, and may discuss the request with the Dean for further input. 

Qualtrics Survey Instructions

  1. Log in to Qualtrics via my.umt.edu (not the Course Evaluation version) using your NetID.
  2. Click "Create New Project" in the lower right-hand corner of the main screen.
  3. On the next screen, under "From Scratch," click the "Survey" button. A menu will pop up on the left-hand side of the screen. Click "Get Started."
  4. On the "Create a New Project" screen, title your survey "[Faculty Lastname] - Market Adjustment."
  5. Under "How do you want to start your survey?" select "Import a QSF file" and import the Market Adjustment Template file linked here (right-click the link and "Save Link As..."). Then hit "Create Project."
  6. The survey has one question and the security settings are already in place to ensure participants can only vote once, anonymously. Update the question to include the Faculty member’s name and hit "Publish."
  7. A pop-up window will appear indicating "The survey is published and activated." Copy the link and distribute it to the faculty.
  8. Once the time period for completing the survey has expired, go to the "Results" menu and export the second dashboard with vote counts by clicking on the […] in the upper right-hand corner of the widget and selecting "PDF."