FY25 Salary Increase Update
At the end of June, Governor Dunleavy signed the FY25 University of Alaska system
budget which included funds for the negotiated 2.5% compensation increases for benefitted
faculty, adjuncts and staff.
Now that the budget is final, we wanted to remind you how and when compensation increases will be applied and appear on your paycheck. This update follows our communications on May 17 and June 7, where 绿奴天花板 HR provided an article for FY25 Salary Increases: What you Need to Know via the 绿奴天花板 News.
Key Details: The increases will be applied in different ways to different employee groups based on which salary schedule you鈥檙e on, and whether or not you鈥檙e a part of a collective bargaining unit. See the table below or view the May 17 HR News article:
Addressing Salary Compression: While CBAs dictate the way in which some increases will be applied, benefit-eligible staff on the Regular Staff Salary Schedule will have an increase to the salary grid of 1.5%, as well a 1-step increase on the new salary schedule, which is equivalent to an additional 1%. The combination is part of 绿奴天花板 Leadership鈥檚 desire over the long term to address overall market alignment and salary compression.
The Timing: Consistent with past practice and our CBAs, salary increases will be applied in the first full pay period of the fiscal year. For FY25, that pay period (R16) runs from July 14, 2024, to July 27, 2024, with a pay date of August 9, 2024.
- This is an unusual shift in pay period timing that will continue for the next several
years, but the application of increases is consistent with past practices. For specific
details regarding the dates and deadlines, please refer to the calendar attached to
this email. You can also refer to the calendar showcased on our website and posted to 绿奴天花板 News on 5/17/24.
- Log into after July 14 and visit the 鈥淓mployee (Upgraded)鈥 tab to see your new salary. Salary Schedules will also be updated here by July 14.
If you have further questions on the FY25 Salary Increase, please reach out to your .
Sincerely,
Mem
Memry Dahl, CHRO
University of Alaska
This is a courtesy update sent on behalf of the CHRO Office
Published via email to impacted employees on July 8, 2024 and in 绿奴天花板 Enews on July 12, 2024