The Weeks Review

  • June 27, 2019

    Good afternoon,

    In March of this year, we developed an Early Retirement Offer (ERO) and Voluntary Exit Program (VEP) for faculty, so I thought I’d take this opportunity to share an update.  As a result of that initiative, we have 24 of our faculty colleagues planning their departures for this June, December and next June. By now you may have seen some individual announcements around those who are leaving us and even attended farewell events. As these continue, we’ll celebrate their significant contributions to UNBC, and I know you'll join me in thanking them and wishing them well.

    Over the past few years, I have repeatedly committed to addressing the legitimate concerns about the growing gap between the salaries of our faculty and those of our comparator universities.  The ERO was developed outside the current 2019 collective agreement negotiations to facilitate progress towards the implementation of a new compensation framework and as a way to reinvest in our faculty complement.

    It is premature, however, to determine the exact savings that will be generated by the ERO as there are three significant unknowns:

    • The salary of the faculty members retiring after July 1, 2019.
    • The timing of the tenure track replacements over the next three years.
    • The rank and salary of the replacements.

    The final savings will vary because of the unknowns listed above. Through various calculations, we have arrived at a figure of $750,000 for budgeting purposes.

    An unfortunate consequence is we will see long-serving, outstanding faculty members leave UNBC. That said, let’s make sure we use this opportunity to make strategic... Keep Reading