COVID-19’s Financial Impact Will Cut MSU Faculty Pay
COVID-19's financial impact has been attacking communities all across the country and that includes businesses, universities, restaurants, hair salons, and so many more.
According to the Lansing State Journal, non-union faculty at Michigan State University will see pay cuts of as much as 7% due to the coronavirus pandemic.
My wife works for MSU and she is pretty good about staying on top of things when it comes to everyone involved at the university.
President Samuel Stanley Jr. announced Monday that all faculty and academic staff who are not represented by a union will see their pay cut according to a graduated scale.
The scale starts at 0.5% for employees with the lowest salaries and up to 7% for those with the highest. Deans and members of the executive management team could see cuts as high as 8%.
The pay reductions are effective Sept. 1, when the fall semester begins and will remain in place for at least one year, depending on the university's financial situation. Stanley expects MSU to lose up to $300 million next year due to COVID-19.
In the Lansing State Journal, about 4,200 of the university's roughly 15,000 employees will see cuts on average of 2.3%, while 125 more employees will see executive management cuts ranging from 1.5% to 8%.