Overall Rating | Gold |
---|---|
Overall Score | 65.91 |
Liaison | Elizabeth MacKenzie |
Submission Date | June 25, 2024 |
University of Iowa
PA-12: Employee Compensation
Status | Score | Responsible Party |
---|---|---|
0.00 / 3.00 |
Gaby
Maymi Nieblas Intern Office of Sustainability and the Environment |
Part 1. Living wage for employees
Percentage of employees that receive a living wage (benefits excluded):
Part 2. Living wage for employees of contractors
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):
Part 3. Minimum total compensation for employees
A brief description of the minimum total compensation provided to the institution’s lowest paid employee or pay grade:
The lowest paid FTE regular employee is at pay grade 3, earning an annual salary of $34,542. Considering a 53.7% fringe benefit for this classification, total compensation = $34,542 x 1.537 = $53,091. The minimum hourly rate for grade 3 is $16.48 with a 53.7% fringe rate. Therefore, the total compensation expressed as an hourly rate is $25.33. This is 92.3% of the published living wage for Johnson County for a working family of four. The University provides four Core insurance benefits: 1) Health Insurance 2) Dental Insurance 3) Group Term Life Insurance 4) Employer Retirement Contributions to TIAA or IPERS 5) Other benefits that are provided to employees include vacation and sick leave, disability, accidental death and dismemberment, tuition breaks, a flexible spending account, domestic partner eligibility, double spouse credits, and phased retirement options. There are 4 categories of regular employees which are Faculty, Professional non-bargaining, Professional bargaining, and Merit (non-professional). Each employee with a 50% or greater regular appointment will receive health care benefits and the fringe rate for each group is as follows: Clinical Faculty – 25.6%, Non-clinical Faculty – 31.2%, Professional non-bargaining – 41.2%, Professional bargaining – 42.4%, Merit bargaining – 53.7%, Merit non-bargaining 41.2%. Current University of Iowa fringe rates can be viewed here. https://fa.fo.uiowa.edu/fringe-benefit-accounting/currentprojected-fringe-benefit-rates
Optional Fields
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:
Data source(s) and notes about the submission:
The University of Iowa has a comprehensive total rewards package that includes base wages, additional compensation, retirement contributions, health and dental insurance, term life insurance, disability insurance, and other monetary benefits. There has been a concerted effort to increase the pay of the lowest wage earners which has impacted salary, shift differentials, and additional compensation. While there isn’t a formal commitment to a living wage, there are continued efforts to address the compensation of lower wage earners.
The information presented here is self-reported. While AASHE staff review portions of all STARS reports and institutions are welcome to seek additional forms of review, the data in STARS reports are not verified by AASHE. If you believe any of this information is erroneous or inconsistent with credit criteria, please review the process for inquiring about the information reported by an institution or simply email your inquiry to stars@aashe.org.