- Using the same 34 university comparison group and approach, the benchmarking shows 2013 administrator pay collectively is 99% of peer median, meaning Rider pay is at the middle of the peer group.
- Rider has eliminated 20 non-faculty positions since 2009, for base budget savings totaling more than $1.1 million.
- The President's and Vice Presidents’ salaries are evaluated annually by an independent consultant hired by the Board of Trustees, and compared to the same group of peer institutions. The 2013 consultant report shows that the Vice Presidents collectively are paid at 98% of the peer median, also just below the middle of the peer group.
- The President’s salary, adjusted for his voluntary pay reduction, is 80% of peer median, well below the middle of the group. When total 2013 compensation is included, he is at the 75th percentile vs. the peers, meaning one in four peer presidents had higher total pay than Rider. The AAUP 85th percentile is correct but compares Rider to all private universities, which includes many small and less complex schools.
- The AAUP compares 2011 pay to 2003. 2011 presidential pay includes University provided housing, which was left out of the 2003 number the AAUP used. 2011 also includes a performance bonus and deferred compensation. Both are common elements of presidential pay, but were not used by Rider in 2003. Dr. Rozanski voluntarily declined one or both of those types of pay awarded by the Board of Trustees in 2008, 2009 and 2010. It is not clear how the AAUP Vice President comparison was developed, but the bottom line is that now and in prior years, Rider officers’ pay is in line with universities with similar enrollment and financial resources.
|
-
Merely evaluating administration pay in 2013 does not provide adequate context. Administration pay, especially at the VP and President level, can vary significantly from year to year.
- From data provided by the IRS 990 forms for the University, the President’s salary has risen (in unadjusted dollars) 118% from 2003 to 2011—in adjusted dollars the amount is 78%, stated more directly, it has almost doubled in this time frame, increasing about 13% per year.
- Among 550 of the top private universities in the country as identified in the Chronicle of Higher Education, the President of Rider University’s total compensation in 2011 was ranked in the 85th percentile.
- In terms of total compensation among VPs at the university, there is a similar trend as the President. Also using data provided by the Chronicle of Higher Education for 2011, the median compensation package for Rider’s 4 VPs was $302,921. For all other VPs at private institutions in the US, the median was $237,083 (a difference of roughly $65K). Based on median salaries among VPs, Rider is in the 85th percentile. Among peer-institutions, the median salary for VPs was $255,372. When comparing median salaries for VPs within the peer-group, Rider is in 79th percentile.
|
