COLA is a very important consideration for academic job seekers, including faculty, university administrators and post-docs; we don’t mean Coke vs. Pepsi. COLA is cost-of-living-adjustment.
Start by asking yourself the question: “if I was to continue my academic career at this institution, what compensation package would I be entitled to?” The theory of the answer should not vary by type of university employee (faculty, university administrators and post-docs), so you can easily set your bounds as a starting point.
There are many evaluative tools for COLA as you progress through your academic careers, and they should give you much more information than simply one adjusted number. At a minimum, for higher education careers, COLA should have sub-factors for: groceries, housing, utilities, transportation and healthcare.
One of the first questions academic jobs seekers will be asked by the department search committee will be what kind of compensation you are seeking. Have your guns loaded with an answer such as:
“Based on where I currently am, both location and financially, a fair package at XYZ University in City would be $##K.” Keep the answer to the department search committee representative simple, but well thought out. Remember, it is only a starting point for negotiations during higher education career planning and can prevent significant angst later.
Start by asking yourself the question: “if I was to continue my academic career at this institution, what compensation package would I be entitled to?” The theory of the answer should not vary by type of university employee (faculty, university administrators and post-docs), so you can easily set your bounds as a starting point.
There are many evaluative tools for COLA as you progress through your academic careers, and they should give you much more information than simply one adjusted number. At a minimum, for higher education careers, COLA should have sub-factors for: groceries, housing, utilities, transportation and healthcare.
One of the first questions academic jobs seekers will be asked by the department search committee will be what kind of compensation you are seeking. Have your guns loaded with an answer such as:
“Based on where I currently am, both location and financially, a fair package at XYZ University in City would be $##K.” Keep the answer to the department search committee representative simple, but well thought out. Remember, it is only a starting point for negotiations during higher education career planning and can prevent significant angst later.
0 comments:
Post a Comment