Compensation and rewards
Please note that terms of a salary increase are not final until the Governor approves the plan and it passes the reconvened ("veto") session on April 3, 2013. At this time, classified staff and 9-, 10- and 12-month faculty are eligible for increases, if approved, as follows:
- Classified employees with at least a "Fair Performer" rating on their last evaluation will receive a 2% increase. Classified employees with at least five full years of current state service (eligibility date to be determined) will receive an additional salary increase equal to $65 for each full year of current state service (up to a maximum of 30 years or $1,950) in recognition of longevity.
- VCU will receive budgeted funds from the state to provide, on average, a 2-3% increase for faculty mentioned above. Increases for faculty will be merit, or performance based, which means not all faculty will receive the same increase. The Provost's Office, which manages this process for faculty, will communicate these details.
We will provide more information as it becomes available.
The VCU compensation study is part of the university's Quest for Distinction and efforts to attract and retain talented, engaged and committed individuals. An advisory committee of leaders across the university will guide the important work of the study. VCU has engaged the Titan Group, a Richmond-based human resources consulting firm, to conduct the study. For more information, please review these frequently asked questions.
The Governor's Office has instructed all Executive Branch agencies, including VCU, to limit hours worked by wage (hourly) employees to 29 hours or less on average per week. These frequently asked questions explain more details about the new restriction.
Compensation policies, practices and guidelines help determine pay and career development opportunities for the faculty and staff who support Virginia Commonwealth University’s teaching, research, patient care and public service activities. As a public research university, VCU uses compensation models that are unique to these diverse groups of faculty and staff.
In support of these efforts, we can provide consultation to managers and supervisors on the following compensation models and related payment issues.