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A Simple And Flexible Model To Calculate Annual Merit Raises For Health Sciences Faculty, Reza Mehvar
A Simple And Flexible Model To Calculate Annual Merit Raises For Health Sciences Faculty, Reza Mehvar
Pharmacy Faculty Articles and Research
Purpose
The objective of this study was to develop and implement a simple and flexible mathematical model to generate merit-based salary increases as a percentage of the faculty base salaries, with the flexibility to choose the range of merit raises.
Methods
Annual faculty performance scores, faculty base salaries, and available salary increase pool were used in a relatively simple linear model to determine the individual faculty merit raises as a percentage of their base salary. The core model allows the selection of a slope value that determines how steeply the merit raise changes with a change in the performance score. …