|Submission Date||Feb. 18, 2021|
PA-12: Employee Compensation
|1.13 / 3.00||
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:
The average hourly rate for our lowest paid regular employees (those employees in pay band 1 of 7) is $12.67. Add in the value of benefits and the total hourly compensation amounts to $17.86 or 108% of the living wage.
Virginia Tech provides a generous benefits package to our salaried employees which includes retirement benefits, a comprehensive medical plan, short and long term disability and life insurance.
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:
Virginia Tech’s dining services are not contracted out. Consequently, a large percentage of our employee population that would be contracted out by universities are employees of Virginia Tech.
For individuals paid under the university’s temporary employment service contracts, the university’s contracts specify that the minimum hourly rate for the lowest paying job type is no lower than the minimum hourly rate for the comparable job type within the university. When these contracts are re-negotiated Human Resources adjusts the minimum rate as needed based on any changes in the university compensation plan.
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 and complete the Data Inquiry Form.