2024 mid-year pay increase
Feb. 6, 2024 - 5:06 p.m.
I am pleased to announce significant mid-year salary adjustments, reflecting our commitment to the welfare and recognition of our dedicated staff and faculty at Stephen F. Austin State University. These adjustments come after careful evaluation of our financial position and budget as a member of The University of Texas System, as a direct response to the rising cost of living, our ongoing efforts to address pay equity, and the recent increase in health insurance costs.
First, all full-time employees (FTE .75 or greater) will receive a $1,000 increase in their annual base salary to help offset the increase in health insurance-related costs. This adjustment is effective for employment beginning Feb. 1, 2024, or earlier.
For our eligible staff members, we are implementing a cost of living adjustment, recognizing the importance of maintaining a fair and competitive wage in today’s economic climate.
Our eligible faculty members will benefit from a merit increase pool, rewarding the exceptional dedication and contributions to our university's academic excellence.
Additionally, we are increasing the campus minimum wage for full-time positions, further demonstrating our commitment to fair and equitable compensation.
These adjustments will be paid beginning March 1, 2024.
We are grateful for the hard work and dedication of our SFA community. These adjustments are a step forward in our ongoing commitment to improve compensation and recognize the contributions of our faculty and staff. However, we acknowledge that there is more work to be done. We are committed to continuing our efforts to address and improve pay issues across the university.
For more detailed information on these salary adjustments, eligibility criteria, and impacts by salary range, please visit our 2024 Mid-Year Pay Increase webpage.
Thank you for your continued dedication to SFA and our students.
With gratitude,
Gina Oglesbee
Interim President
Stephen F. Austin State University