Annual Salary Increase Guidelines 2024-25

The total staff salary increase pool is set at 3.0% for 2024. The increase process is designed to equitably distribute the approved funds as outlined in the university budget. Benefit eligible employees will receive Salary Increase Letters in Workday on June 21st by close of business, and new salaries will be effective July 1, 2024. Benefit eligible staff salary pool increases will be determined in consultation with managers and leadership. They will consider employee performance and internal equity when allocating the pool.

Most employees will receive pool increases close to 3%. Managers have the flexibility to determine appropriate distribution of the 2024-25 salary increase pool, as long as the departmental salary budget remains within established budget parameters. Individuals hired after July 1, 2023, with less than one service year, will receive a prorated increase according to tenure in position based on date of hire. Employees must have begun working at W&L by February 29, 2024 to be included in the staff salary increase process that distributes the increase pool. Employees with known performance concerns will receive reduced pool increases.

Additional market adjustment funds of more than 1% will augment the salary pool. These funds will be allocated as market adjustments and distributed to address peer and employment market fluctuation, equity considerations, and legislative changes. Staff market reference ranges were moved 4.14% this year in response to overall market movement. Employees whose pay falls below the new range minimum will automatically be brought to the range minimum. The remainder of the adjustment funds are distributed with the intention of moving employee pay to the appropriate position in range based on experience, performance, and benchmark data for comparable positions at top-25 liberal arts peer institutions. Employees receiving market adjustments are also eligible for salary pool increases as outlined in the guidelines above.