|Submission Date||Feb. 27, 2019|
University of Louisville
PA-11: Employee Compensation
|0.39 / 3.00||
The local living wage (based on a family of four and expressed as an hourly wage):
Percentage of all employees (regular full-time, regular part-time, and temporary workers) that receive a living wage (benefits excluded):
Does the institution have employees of contractors that work on-site as part of regular and ongoing campus operations?:
Percentage of employees of contractors that work on-site as part of regular and ongoing campus operations that the institution has verified as receiving a living wage (benefits excluded) (0-100; enter ‘0’ if unknown):
The total compensation provided to the institution’s lowest paid regular (i.e., permanent) 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, including any in-kind benefits included as part of the total compensation figure :
The lowest rate we pay to an employee(s) is $11.11/hr and those employees work 1950 hrs per year for a total annual salary of $21,665.
If we include lowest cost healthcare plan, the amount UofL would pay is $5,043/year on behalf of the employees
UofL would also match 7.5% of the employee’s salary even if they do not contribute anything to their retirement plan for a total of $1,625/yr.
So in this case the total compensation package (pay, health and retirement) would be $28,333/year.
$28,333 / 1950 hours = $14.53/hour. $14.53 / $15.42 = 94.23% of the local living wage for a family of four.
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:
In November 2013, UofL became the first public Kentucky university to establish a living wage when it increased its minimum salary for regular status staff employees from $8.67 to $10 per hour. More than 150 employees benefited from the salary increase, which represented a 15% raise for our lowest paid employees.
In February 2014, former Provost Shirley Willihnganz approved a proposal to increase UofL's minimum wage by 25 cents per hour per year for the following four years, starting July 2014 and continuing through 2017 – bringing the rate to $11 per hour by July 2017.
Defined as the minimum hourly pay necessary for employees to afford the average cost of living in their community, including housing, food and transportation, the living wage varies by location. Employees earning the minimum will be eligible for additional compensation if, in a given year, the university’s total salary pool for the year exceeds the living wage adjustment for that year.
Has the institution made a formal commitment to provide a living wage to its student employees and/or graduate teaching/research assistants (e.g. by adopting a student bill-of-rights)?:
A brief description of the institution’s commitment to a student living wage:
The website URL where information about the programs or initiatives is available:
Additional documentation to support the submission:
Note: While it varies highly, the standard estimated value of benefits for all UofL employees is 28 cents of benefits per dollar of wages.