Overall Rating	Silver
Overall Score	51.51
Liaison	Kirk Hemphill
Submission Date	Feb. 12, 2024

STARS v2.2

Florida Institute of Technology
PA-12: Employee Compensation

Status	Score	Responsible Party
	0.00 / 3.00	Ken Lindeman Professor, Sustainability Studies Ocean Engineering & Marine Sciences

"---" indicates that no data was submitted for this field

Part 1. Living wage for employees

The local living wage (based on a family of four and expressed as an hourly wage):

24.22 US/Canadian $

Percentage of employees that receive a living wage (benefits excluded):

Part 2. Living wage for employees of contractors

Does the institution have significant contractors with employees that work on-site as part of regular and ongoing campus operations?:

Yes

A list or brief description of significant on-site contractors:

National Management Resources (number below is for National only)
Einstein's Bagels (this and the next three contractors primarily use student employees)
Firehouse Subs
Starbucks
Cosmic Creamery

Percentage of employees of on-site contractors known to receive a living wage or be covered by collective bargaining agreements (i.e., union contracts):

3.64

Part 3. Minimum total compensation for employees

Total compensation provided to the institution’s lowest paid regular, part-time or full-time employee or pay grade meets or exceeds what percentage of the living wage?:

None of the above (i.e. the lowest paid regular employee or pay grade earns less than the living wage)

A brief description of the minimum total compensation provided to the institution’s lowest paid employee or pay grade:

Lowest paid part-time employee at $12/hour meets 50% of the living wage at $24.22.

Optional Fields

Has the institution made a formal commitment to pay a living wage?:

A copy or brief description of the institution’s written policy stating its commitment to a living wage:

The goal of the Florida Tech compensation program is fair payment to employees as a function of several factors, including but not limited to: job duties, span of control and skills required for the position, the evaluation of the actual performance of the duties; and the budgetary constraints of the unit and the university. It is expected that new hires will normally begin employment at a rate below the midpoint of the pay grade. The range of the pay grade between the minimum and the midpoint may be thought of as the "hiring range" for the position. Florida Tech offers a rich benefit package that includes generous paid time off and tuition benefits for employees and their dependents.

Website URL where information about employee compensation is available:

https://www.fit.edu/policies/human-resources-policies/compensation/compensation/

Additional documentation to support the submission:

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Data source(s) and notes about the submission:

Information from the Florida Institute of Technology departments of Human Resources, Panther Dining, National Management, Facilities, and Procurement. Assistance provided by Karen Hill, Evan Olsen, Julio Sanchez, Cheryl Le Blanc, and Brian Kilcommons.