Employees of Eastern Kentucky University will receive their first salary increases in several years. During his first Fall Convocation, EKU President Michael Benson announced a 2.5% pay hike, effective October 1st.
"Would I have liked it to have been higher? Would we have liked it to have been higher? Sure, absolutely. But this is a start. This is a start on our part to say to you thank you for what you do for the institution,” said Benson.
Besides the across-the-board increase, Benson will also re-institute a system for merit-based pay increases. Plus, he’s ordered a study into pay compression. The new EKU president says the trend has depressed university salaries nationwide. EKU underwent a re-organization over the summer that cut its workforce by almost 200 positions and netted $19-million in savings.