|Submission Date||Jan. 13, 2023|
New Jersey Institute of Technology
PA-12: Employee Compensation
|1.01 / 3.00||
Director of Sustainability
Office of Sustainability
The local living wage (based on a family of four and expressed as an hourly wage):
Percentage of employees that receive a living wage (benefits excluded):
Does the institution have significant contractors with employees that work on-site as part of regular and ongoing campus operations?:
A list or brief description of significant on-site contractors:
Percentage of employees of on-site contractors known to receive a living wage or be covered by collective bargaining agreements (i.e., union contracts):
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?:
A brief description of the minimum total compensation provided to the institution’s lowest paid employee or pay grade:
1) 63.20 percent of the lowest paid employees meet or exceed the living wage's hourly rate
2)67.29% of the lowest paid full-time employees meet or exceed living wage's hourly rate
We do not have a defined total compensation philosophy, but we are working towards one. We have a mixed population of full-time, part-time, temporary and adjunct employees. For full-time staff & faculty, we pay above NJ's minimum wage; but the lowest rate is $17.06, which is below NJ's living wage for a family of 4 (2 working adults, 2 children).
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:
Website URL where information about employee compensation is available:
Additional documentation to support the submission:
The latest living wage figure for Essex County is $26.87
The calculation for salary was provided by Senior Compensation Analyst for NJIT.
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