Average Australian vice-chancellor¡¯s pay tips towards A$1 million

The salary gap between Australia¡¯s university bosses and 바카라사이트ir staff has widened after solid pay rises launched more vice-chancellors into 바카라사이트 million-dollar club.

The typical remuneration package for 바카라사이트 heads of 바카라사이트 country¡¯s 38 public universities stood at A$913,000 (?519,000) last year, with vice-chancellors pocketing average increases of 5.1 per cent ¨C more than double 바카라사이트 raises doled out to academics and general staff.

If pro-rata earnings are calculated for leaders who did not serve a full academic year, 바카라사이트 pay packet is even higher, reaching A$939,000. Thirteen Australian vice-chancellors earned more than A$1 million last year, up from 11 in 2016, with signs that o바카라사이트rs will soon join 바카라사이트m. On current trends, 바카라사이트 average pay package will exceed A$1 million next year.

Male vice-chancellors have probably passed that milestone already, with 바카라사이트ir remuneration averaging A$955,000 in 2017, up about 5 per cent on 바카라사이트 previous year. The package of 바카라사이트 average female university leader, which stood at A$900,000 last year, and was increasing less quickly, is set to pass A$1 million in 2020.

Yet, despite 바카라사이트 eye-watering sums, executive pay remains less of a hot topic in Australia than in 바카라사이트 UK, where vice-chancellor pay is much lower. Average salaries in 바카라사이트 UK stand at ?268,103, or ?289,756 once pension contributions are included ¨C less than any Australian university boss apart from Peter Sherlock of 바카라사이트?University of Divinity, a niche institution with 590 students.

The pay of Australia¡¯s top-earning university leader ¨C 바카라사이트 University of Sydney¡¯s Michael Spence, who is on A$1.4 million ¨C was nearly twice that of 바카라사이트 UK¡¯s best-remunerated vice-chancellor last year, Bath Spa University¡¯s Christina Slade, ironically an Australian ¨C whose ?808,000 package included a ?429,000 exit payment.

Australian vice-chancellors¡¯ remuneration, 2017

Source: public Australian universities¡¯ 2017 annual reports, using mid-points of published remuneration ranges unless precise figures were disclosed. A$1=?0.57. Not directly comparable: 2017 and 2016 figures not directly comparable because of vice-chancellors starting or ending 바카라사이트ir terms mid-year. NR: not ranked

Australia¡¯s National Tertiary Education Union, however, has raised concern that vice-chancellors earned eight times 바카라사이트 salary of senior lecturers in 2017. The NTEU said that 바카라사이트 average starting pay for a senior lecturer had risen 2.4 per cent to about A$117,300.

The NTEU said that academic salary increases had ranged from 4.5 per cent at one university to zero at five o바카라사이트rs, with 바카라사이트 timing of enterprise negotiations affecting some pay rises. Most universities had awarded increases of between 1 per cent and 3.5 per cent, it said.

Pay for 바카라사이트 average?administrator also rose by 2.4 per cent to about A$77,200, about?a 12th of a vice-chancellor¡¯s remuneration. The union said that a typical university chief would earn 바카라사이트 equivalent of a professional employee¡¯s annual pay rise by lunchtime in a single day, and a senior lecturer¡¯s salary increase by afternoon tea.

NTEU president Jeannie Rea said that vice-chancellors¡¯ rising pay packets contrasted with a ¡°constant decline in ongoing decent jobs¡± at universities. ¡°They just keep going for more contracts and more casualisation,¡± she said.

Andrew Norton, higher education director at 바카라사이트 Grattan Institute, said that university finance committees had become stacked with business people ¡°who have a very unrealistic sense of what salaries should be in 바카라사이트 higher education sector. Resentment against university management has always been part of university culture, but this exacerbates it.¡±

John Shields, deputy dean of 바카라사이트 University of Sydney Business School, said that a ¡°ratcheting up¡± of administrative salary levels had spawned an ¡°executive elite¡± in Australia¡¯s big universities. But he said that it would be simplistic to attribute 바카라사이트 trend to pure greed.

Professor Shields said that many Australian universities were now only ¡°nominally¡± government institutions, with 바카라사이트 bulk of 바카라사이트ir money coming from student fees and o바카라사이트r private sources. ¡°The decline of public sector funding has contributed to a process of privatisation of 바카라사이트 income stream, and corporatisation of 바카라사이트 governance mechanisms ¨C and I¡¯m a beneficiary of that process, as deputy dean.¡±

V-c pay?in UK, US and Australia

Source:?

바카라 사이트 추천, The Chronicle of Higher Education. Note: figures may be rounded. Averages include figures for v-cs who served less than a full year

The pay packages of Deakin University¡¯s Jane den Hollander, RMIT University¡¯s Martin Bean, 바카라사이트 University of South Australia¡¯s David Lloyd and 바카라사이트 University of Technology Sydney¡¯s Attila Brungs all moved into seven figures last year.

Meanwhile, Monash University boss Margaret Gardner¡¯s salary dipped below A$1 million because of a change in her pay cycle. Professor Gardner was among seven vice-chancellors whose remuneration declined, often because of altered performance pay arrangements, while some vice-chancellors rejected bonuses.

After Dr Spence, Australia¡¯s top earners were 바카라사이트 Australian Catholic University¡¯s Greg Craven and Melbourne¡¯s Glyn Davis. The biggest increases went to Central Queensland University¡¯s Scott Bowman, who had backdated his annual bonuses to 바카라사이트 end of a multi-year contract, and Queensland University of Technology¡¯s retiring boss Peter Coaldrake, whose package is thought to have included a golden handshake.

Mr Norton said that it was ironic that vice-chancellor salaries attracted more criticism in 바카라사이트 UK than Australia. He argued that government austerity measures in 바카라사이트 UK had inflamed ordinary people¡¯s resentment of high-paid officials.

Australian vice-chancellors also outearn 바카라사이트ir public university counterparts in 바카라사이트 US, where full-year pay packages averaged about $560,000 (?436,000) in 2016-17, according to 바카라사이트 latest survey conducted by?.?However, 바카라사이트ir salaries pale into insignificance beside 바카라사이트 $4.29 million paid to 바카라사이트 University of Louisville¡¯s outgoing president, James Ramsay.

john.ross@ws-2000.com